Benzinga - by Khyathi Dalal, Benzinga Staff Writer.
Cryptocurrency markets are trading slightly down despite strong ETF inflows for the last 17 days.
Prices as of 4 p.m. ET:
Cryptocurrency | Price | Gains +/- |
Bitcoin (CRYPTO: BTC) | $70,300 | -1.2% |
Ethereum (CRYPTO: ETH) | $3,771.80 | -2.7% |
Solana (CRYPTO: SOL) | $167.99 | -2.8% |
Dogecoin (CRYPTO: DOGE) | $0.1589 | -2.8% |
Shiba Inu (CRYPTO: SHIB) | $0.00002508 | -3.1% |
Notable Statistics:
- Coinglass data points to $38 billion in Bitcoin open interest, the highest since April 1, with long liquidations at lowest since a week.
- IntoTheBlock noted a 6,370.9% increase in exchange netflows and a 19.5% growth in large transaction volumes. Meanwhile, 98% of Bitcoin holders are currently making a profit.
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Top Losers:
Cryptocurrency | Price | Gains +/– |
Dog (Runes) (CRYPTO: DOG) | $0.008402 | -11.5% |
Bitget Token (CRYPTO: BGB) | $1.19 | -9.9% |
Beam (CRYPTO: BEAM) | $0.02548 | -9% |
Trader Notes: Santiment data noted that $70,000 for Bitcoin is "not nearly as big of a deal for traders as it was 3 months ago." The post adds that the "lack of FOMO is a good sign that BTC and other coins can break through with less crowd euphoria that previously caused tops."
Heavily followed futures trader Satoshi Flipper highlights Bitcoin's attempt to break the resistance level.
We're on our 5th attempt to break this $BTC $72k-$73k resistance level … the more we tag it, the weaker it gets