Crypto markets are stabilizing and trending upward after an initial drop following the higher-than-expected COnsumer Price Inflation report.

CryptocurrencyPrice   Gains +/-Bitcoin BTC/USD $97,166.74+2.2%Ethereum ETH/USD $2,679.72+3.4%Solana SOL/USD $193.42-1%XRP XRP/USD $2.44+2.7%Dogecoin DOGE/USD $0.2612+4.6%Shiba Inu SHIB/USD $0.00001680+8.4%

Notable Statistics:

IntoTheBlock data shows large transaction volume increased by 3.2% and daily active addresses grew by 2.6%. Transactions greater than $100,000 are up from 9,866 to 10,487 in a single day. Exchanges netflows are down by 192.3%.

Coinglass data reports 142,147 traders were liquidated in the past 24 hours for… Read more on Benzinga