The cryptocurrency market kicked off the week on a bullish note, with Bitcoin reclaiming the $108,000 mark, buoyed by bullish investor sentiment around cryptocurrency-related initial public offerings.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $108,399.19 | +1.9% |
| Ethereum (CRYPTO: ETH) | $2,577.11 | +1.8% |
| Solana (CRYPTO: SOL) | $156.16 | +1.6% |
| XRP (CRYPTO: XRP) | $2.29 | +0.3% |
| Dogecoin (CRYPTO: DOGE) | $0.1870 | +0.7% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001268 | +0.3% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 2.4% and daily active addresses falling by 5%. Transactions greater than $100,000 are down from 7,679 to 7,327 in a single day. Exchanges netflows are up by 179.3%.
- Coinglass data reports 73,981 traders were liquidated in the past 24 hours for $214.60 million.
Notable Developments: