Cryptocurrency markets are sliding on Tuesday as producer price pressures weigh on the market.
Cryptocurrency
Price
Gains +/-
Bitcoin (CRYPTO: BTC)
$97,073.3
-4.7%
Ethereum (CRYPTO: ETH)
$3,431.99
-6.9%
Solana (CRYPTO: SOL)
$205.16
-6.4%
XRP (CRYPTO: XRP)
$2.30
-5.5%
Dogecoin (CRYPTO: DOGE)
$0.3562
-8.7%
Shiba Inu (CRYPTO: SHIB)
$0.00002217
-8.4%
Notable Statistics:
IntoTheBlock data shows large transaction volume increasing by 68.6% and daily active addresses falling by 0.01%. Transactions greater than $100,000 are up from 7,116 11,574 to in a single day. Exchanges netflows are up by 231.8%.
Coinglass data reports 136,773 traders were liquidated in the past 24 hours for $409.57 million. Long liquidations at $344.6 million were the highest since Dec. 20.
Notable Developments:
Bitcoin Spot ETF Inflows Hit $987 Million But Watch This Mid-January Fiscal Deadline
CFTC Chairman Rostin Behnam To Step Down In February
Ripple Announces Chainlink Integration To Boost RLUSD Stablecoin
Full story available on Benzinga.com
