Benzinga - by Khyathi Dalal, Benzinga Staff Writer.
Cryptocurrency markets are trading in the red following Wednesday’s FOMC meeting.
Priced as of 3:30 PM Eastern Time:
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $66,595.42 | -1.6% |
| Ethereum (CRYPTO: ETH) | $3,478.54 | -1.8% |
| Solana (CRYPTO: SOL) | $147.73 | -4.3% |
| Dogecoin (CRYPTO: DOGE) | $0.1419 | -1.9% |
| Shiba Inu (CRYPTO: SHIB) | $0.00002135 | -3.7% |
Notable Statistics:
- Bitgrow founder Vivek noted in a tweet that whales purchased $1.3 billion worth of Bitcoin.
- Bitcoin Archive reported that Australia's largest bank, Commonwealth Bank of Australia, listed a Bitcoin ETF on its trading platform.
- Coinglass reported 60,999 traders liquidated in the past 24 hours, with total liquidations at $171.29 million.
- IntoTheBlock reported a drop in major metrics like whale transactions, exchange inflows/outflows and daily active addresses.
- MicroStrategy To Raise $500M To Boost Bitcoin Holdings
- Bitcoin Crosses $67,500 As Spot ETFs Record $101M Inflow
- Elon Musk’s Decision To Hide Likes On X: ‘Catastrophic For Crypto,’ Says Solana VC
- Biden Campaign Reportedly Working On Crypto Donations: ‘They Think We’re Going To Donate?,’ Barks Industry Expert
- Shopify Merchants Can Now Embrace Crypto Payments With Helio Integration
- Gary Gensler: Ethereum Spot ETFs Could Start Trading By The End Of Summer
Top Losers:
| Cryptocurrency | Price | Gains +/– |
| Arweave (CRYPTO: AR) | $29.68 | -13.4% |
| Brett (Based) (CRYPTO: BRETT) | $0.1422 | -10% |
| Stacks (CRYPTO: STAX) | $2.13 | -10% |
Trader Notes: Sistine Research noted in the latest tweet, "Lot of people calling for chop short-term but personally in the camp that a breakout to $85,000 – $90,000 BTC is more imminent than people think.."
Heavily followed crypto trader CJ is concerned regarding Bitcoin's weekly chart,
#BTC – WeeklyUnless we see a push this week, the weekly RSI rejecting on the underside of the 70 will start to become a concern for me. pic.twitter.com/UK4DwO2GWp
— CJ (@CJ900X) June 13, 2024
Santiment data shows that Bitcoin's supply on exchanges has now dropped to its lowest level since December 202, indicating less drop-off risk for all of crypto.
Rekt Capital's optimistic tweet stated that Bitcoin's struggle to breakout is beneficial for the overall cycle.
#BTCThe fact that Bitcoin is struggling to breakout is beneficial for the overall cycle
Bitcoin has never broken out this early in the Post-Halving period
If it did, the cycle would be accelerated to such a point that the Bull Market would simply be shorter than usual
This… pic.twitter.com/cQHKWy7hPE
— Rekt Capital (@rektcapital) June 13, 2024
What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
Read Next: ‘Rich Dad Poor Dad’ Kiyosaki’s Bitcoin Projection: A Bold Forecast For 2024
Image: Shutterstock
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