Benzinga

7D
...

Bitcoin, Ethereum, Dogecoin Dump Before FOMC Wednesday: Here’s What They Did After Prior Meetings

Cryptocurrency markets have sold off prior to the CPI data release on Wednesday, with major meme coins being hit particularly hard.

Prices as of 3.30 p.m. ET:

CryptocurrencyPriceGains +/-Bitcoin BTC/USD$67,357.84-3%Ethereum ETH/USD$3,494.13-4.7%Solana SOL/USD$149.26-6.9%Dogecoin DOGE/USD$0.1379-4.5%Shiba Inu SHIB/USD$0.00002173-5.4%

Notable Statistics:

Coinglass data shows 104,055 traders liquidated in the past 24 hours, with total liquidations at $270.1 million. Bitcoin’s open interest at $36 billion has continued to remain high since April 12.

IntoTheBlock data reports a 66.6% surge in large transaction volume, alongside a 9.6% increase in daily active addresses. Transactions greater… Read more on Benzinga

31K Reads