Cryptocurrencies have started the week strong, with Bitcoin tapping the $122,000 mark in the Asian trading session.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $121,156.84
Ethereum (CRYPTO: ETH) $4,254.59
Solana (CRYPTO: SOL) $182.26
XRP (CRYPTO: XRP) $3.26
Dogecoin (CRYPTO: DOGE) $0.2333
Shiba Inu (CRYPTO: SHIB) $0.00001341  

Notable Statistics:

  • IntoTheBlock data shows Bitcoin and Ethereum large transaction increased by 5% and dropped 25.7%, respectively. Daily active addresses dipped 16.6% and grew 4.2%, respectively.
  • Coinglass data shows 93,858 traders were liquidated in the past 24 hours for $301.28 million.
  • SoSoValue data shows net inflows of $403.9 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $461.2 million.  

Trader Notes: With Bitcoin surging to $121,000, crypto trader Zer0 said the “next leg up” should mark the beginning of the end, the most lucrative phase, noting 80% gains in just 20% of the time.