Bitcoin Rebounds To $63,000, Lifting Ethereum, XRP, Dogecoin By 3%, But Beware ‘Shallow’ Bounces, Analyst Says

Bitcoin is rebounding off the back of a relief rally after hitting some of its most oversold levels ever.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $63,446.58
Ethereum (CRYPTO: ETH) $1,683.20
Solana (CRYPTO: SOL) $67.23
XRP (CRYPTO: XRP) $1.17
Dogecoin (CRYPTO: DOGE) $0.08665
Shiba Inu (CRYPTO: SHIB) $0.054762

Notable Statistics:

  • Coinglass data shows 102,093 traders were liquidated in the past 24 hours for $608.09 million.       
  • SoSoValue data shows net outflows of $325.7 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $4.8 million.
  • In the past 24 hours, top gainers include Audiera, DeXe and Lighter.

Notable Developments:

Full story available on Benzinga.com