Cryptocurrency markets are struggling on Thursday as the market-wide downturn continues.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $83,057.97 | -0.2% |
| Ethereum ETH/USD | $2,268.27 | -1.2% |
| Solana SOL/USD | $134.86 | +2.7% |
| XRP XRP/USD | $2.15 | -1.3% |
| Dogecoin DOGE/USD | $0.2030 | +2.3% |
| Shiba Inu SHIB/USD | $0.00001430 | +2.3% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 6.6% and daily active addresses falling by 0.7%. Transactions greater than $100,000 are down from 15,415 to 13,305 in a single day. Exchanges netflows are down by 137.5%.
- Coinglass data reports 131,251 traders were liquidated in the past 24 hours for $404.95 million.
Notable Developments:
Top Losers:
| Cryptocurrency | Price | Gains +/- |
| DeXe DEXE/USD | $18.05 | -9.4% |
| Story IP/USD | $5.96 | -9.3% |
| Celestia TIA/USD | $3.63 | -6.6% |
Trader Notes: Despite Bitcoin continuing to move lower, crypto chart analyst Ali Martinez says the crypto king is ready for a rebound. He cites an oversold RSI a buy signal on the TD Sequential indicator as evidence.
Crypto trader Kevin said that Bitcoin is back at $84,500 after three months, but sentiment has flipped RSI dropped from 85 to 25, and the Fear & Greed Index fell from 83 to 20.
Crypto trader Michael van de Poppe stated that the cycle is not over—it’s just beginning. Bitcoin hasn’t reached euphoria yet, and he expects it to surpass $200,000-$250,000 this cycle.
More Crypto Online sees Bitcoin testing support at $83,219. If it holds, a (C)-wave rally into resistance for circle wave 4 is expected.
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