Cryptocurrency markets turned red on Wednesday as rising recession fears in the U.S. weighed on risk assets.

CryptocurrencyPrice   Gains +/-Bitcoin BTC/USD$94,087.28-1.4%Ethereum ETH/USD$1,786.44-2.1%Solana SOL/USD$145.61-2.8%XRP XRP/USD$2.18-4.7%Dogecoin DOGE/USD$0.1714-4.2%Shiba Inu SHIB/USD$0.00001320 -3.7%

Notable Statistics:

IntoTheBlock data shows large transaction volume increasing by 3.5% and daily active addresses falling by 10.1%. Transactions greater than $100,000 are down from 10,589 to 10,199 in a single day. Exchanges netflows are down by 407.8%.

Coinglass data reports 162,816 traders were liquidated in the past 24 hours for $380.67 million.

Crypto chart analyst Ali… Read more on Benzinga