Bitcoin, Ethereum, Dogecoin Trade Lower Following Inflation Data: ‘Pray $58K-$59K Holds Or Else It’s Nuke City For Bitcoin Baby’
Posted On October 10, 2024
Cryptocurrency markets are trading lower as Bitcoin ETFs clocked a second consecutive day of outflows on Wednesday while Spot Ethereum flows remaining muted.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $59,579.75 | -2.4% |
| Ethereum (CRYPTO: ETH) | $2,360.93 | -2.3% |
| Solana (CRYPTO: SOL) | $137.54 | -2.1% |
| Dogecoin (CRYPTO: DOGE) | $0.1044 | -3.9% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001643 | -3.4% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 25.7% and daily active addresses falling by 18.8%. Transactions greater than $100,000 are down from 9,459 to 7,555 in a single day. Exchanges netflows are down by 79.4%.
- Coinglass data reports 71,977 traders were liquidated in the past 24 hours, with the total …
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