Cryptocurrency markets are down on Wednesday as major governments are liquidating Bitcoin holdings.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $60,979.32 | -1.7% |
| Ethereum ETH/USD | $3,410.19 | -0.1% |
| Solana SOL/USD | $137.84 | -0.7% |
| Dogecoin DOGE/USD | $0.1241 | -2.9% |
| Shiba Inu SHIB/USD | $0.00001737 | -3.3% |
Notable Statistics:
- Bitcoin Spot ETFs reported a total net inflow of $31 million for the first time in a week after consistent net outflows.
- IntoTheBlock data Bitcoin large transaction volume dropping 33% and daily active addresses falling 14%. Exchanges netflows are down 182.9%.
- Coinglass shows 34,447 traders were liquidated in the past 24 hours for $75.9 million.
- TreeNewsrshows that U.S. regulators are likely to approve Spot Ethereum ETFs for launch by July 4.
Notable Developments:
- Ethereum ETFs Poised For $15B Influx In First 18 Months, Says Bitwise CIO Matt Hougan
- German Authorities Sell $15M More In Seized Bitcoin
- Argentinian President Javier Milei Advocates For Bitcoin, Opening Doors To Digital Currency Revolution
- U.S. Offers $5M Reward For Information On Crypto Fraudster Ruja Ignatova
Top Gainers:
| Cryptocurrency | Price | Gains +/– |
| Fetch.ai FET/USD | $1.82 | +14.3% |
| SingularityNET AGIX/USD | $0.7407 | +11.5% |
| Lido DAO LDO/USD | $2.48 | +7.7% |
Trader Notes: Notable crypto trader Seth posted stated the "Bitcoin daily candle just got rejected by the 7 EMA." He added that the daily RSI has not been this low since August 2023.
Another trader sees a sell signal for Bitcoin:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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