Cryptocurrency markets are slightly up as markets are trying to assess the chances of a rate cut next Wednesday.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $58,420.94 | +1.7% |
| Ethereum ETH/USD | $2,354.98 | +0.9% |
| Solana SOL/USD | $135.52 | +2.8% |
| Dogecoin DOGE/USD | $0.1021 | +0.8% |
| Shiba Inu SHIB/USD | $0.00001334 | +0.7% |
Notable Statistics:
- IntoTheBlock data shows Bitcoin’s large transaction volume dropped by 11%, while daily active addresses saw a 7% drop. Exchanges netflows narrowed by 56.7%.
- Coinglass data shows 26,425 traders liquidated in the past 24 hours for $67.65 million.
- Crypto chart analyst Ali Martinez noted a spike in the Bitcoin Taker Buy/Sell Ratio on Binance. This is a sign of aggressive buying, with potential upward momentum ahead.
- In another tweet, he said that Bitcoin miners are earning far less than their historical average as indicated by Bitcoin Puell Multiple dropping below 0.4.
Notable Developments:
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