Cryptocurrency markets are trading higher on Wednesday after President Trump dismissed rumors that he may remove Federal Reserve Chair Jerome Powell from his post.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $119,599.03 |
| Ethereum | (CRYPTO: ETH) | $3,341.05 |
| Solana | (CRYPTO: SOL) | $173.41 |
| XRP | (CRYPTO: XRP) | $3.05 |
| Dogecoin | (CRYPTO: DOGE) | $0.2082 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001433 |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 5.8% and daily active addresses falling by 8%. Transactions greater than $100,000 are down from 16,402 to 12,730 in a single day. Exchanges netflows are down by 3,017.9%.
- Coinglass data reports 105,927 traders were liquidated in the past 24 hours for $366.21 million.
- The top gainers in the past 24 hours include Bonk (CRYPTO: BONK), Floki (CRYPTO: FLOKI) and SPX6900 (CRYPTO: SPX).
Notable Developments: