Bitcoin, Ethereum, Dogecoin Trade Sideways, Trader Predicts Rally Soon But Worried About ‘Recent Weak Candles’
Posted On October 9, 2024
Cryptocurrency markets are trading sideways despite key Bitcoin metrics rising.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $61,248 | -1.2% |
| Ethereum (CRYPTO: ETH) | $2,412 | -0.9% |
| Solana (CRYPTO: SOL) | $140.6 | -1.5% |
| Dogecoin (CRYPTO: DOGE) | $0.1087 | +1.98% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001697 | -0.9% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 5.6% and daily active addresses growing by 16.5%. Transactions greater than $100,000 are up from 8,143 to 9,459 in a single day. Exchanges netflows are up by 222%.
- Coinglass data reports 47,550 traders were liquidated in the past 24 hours, with total liquidations at $102.54 million. Crypto short liquidations stand at $23.5 million, the lowest since Sep. 15.
Notable Developments:
About The Author
