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Bitcoin, Ethereum, XRP, Dogecoin Rally Over 2.5% As Analyst Flags ‘Imminent’ Breakout

Bitcoin held above $63,000 as cooler-than-expected inflation data eased concerns over aggressive Federal Reserve tightening, helping lift sentiment across the cryptocurrency market.

Notable Statistics:

Coinglass data shows 119,414 traders were liquidated in the past 24 hours for $303.20 million.       

SoSoValue data shows net outflows of $213.9 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ET’Fs saw net outflows of $35.6 million.

In the past 24 hours, top gainers include Audiera, Stargate Finance and DeXe.

Notable Developments:

Trader Notes:

Crypto chart analyst Ali Martinez says Bitcoin is nearing a breakout as it trades within a symmetrical triangle, with key…

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