Bitcoin, Ethereum, Dogecoin Dip After Strong Tuesday—Analysts Predict ‘Unprecedented Highs Can Be In Development’

Date:

Cryptocurrency markets are trading relatively flat after Bitcoin’s run above $71,000.

Cryptocurrency Price     Gains +/-
Bitcoin BTC/USD  $71,930.79 -1%
Ethereum ETH/USD  $2,662.75 -1.3%
Solana SOL/USD  $174.39  -2.3%
Dogecoin DOGE/USD  $0.1684  -1.4%
Shiba Inu SHIB/USD  $0.00001844   -2.3%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume decreasing by 57.6% and daily active addresses growing by 7.8%. Transactions greater than $100,000 are up from 9,521 to 13,547 in a single day. Exchanges netflows are up by 322.7%. There are no Bitcoin holders currently making a loss.
  • Coinglass data reports 49,256 traders were liquidated in the past 24 hours for $145.86 million, with short liquidations at the lowest level since Oct.19.

Notable Developments:

Top Gainers:

Cryptocurrency Price     Gains +/-
Maker MKR/USD  $1,255.92 +9.8%
Chainlink LINK/USD  $12.24   +6.2%
MANTRA OM/USD  $1.45 +5.7%

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