Cryptocurrencies saw another day of bearish price action on Thursday, with only XRP displaying relative strength.
Cryptocurrency
Price
Gains +/-
Bitcoin (CRYPTO: BTC)
$80,353.45
-3%
Ethereum (CRYPTO: ETH)
$1,852.08
-1.5%
Solana (CRYPTO: SOL)
$121.79
-2.4%
XRP (CRYPTO: XRP)
$2.24
+0.4%
Dogecoin (CRYPTO: DOGE)
$0.1631
-3.7%
Shiba Inu (CRYPTO: SHIB)
$0.00001190
-2.9%
Notable Statistics:
IntoTheBlock data shows large transaction volume decreasing by 10.7% and daily active addresses falling by 5%. Transactions greater than $100,000 are down from 10,766 to 10,064 in a single day. Exchanges netflows are down by 491.8%.
Coinglass data reports 81,934 traders were liquidated in the past 24 hours for $209.56 million.
Crypto chart analyst Ali Martinez noted that more than 36,000 BTC have been withdrawn from exchanges in the last 96 hours.
Notable Developments:
Trump Family In Talks To Acquire Stake In Binance As Former CEO Changpeng Zhao Pushes For Pardon
Bitcoin Tumbles Around $80,000, Experts See $60,000 Floor If BTC, ETH, XRP Continue Downtrend
Binance CEO Richard Teng Hails Donald Trump’s Bitcoin Reserve, XRP, …Full story available on Benzinga.com