Cryptocurrency markets are trading at range highs on Wednesday, with altcoins buoyed by Bitcoin consolidating just below the $110,000 level.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $109,529.33 |
| Ethereum | (CRYPTO: ETH) | $2,717.94 |
| Solana | (CRYPTO: SOL) | $154.68 |
| XRP | (CRYPTO: XRP) | $2.38 |
| Dogecoin | (CRYPTO: DOGE) | $0.1738 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001218 |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 15.1% and daily active addresses growing by 13.5%. Transactions greater than $100,000 remain relatively flat at around 10,800. Exchanges netflows are down by 192.6%.
- Coinglass data reports 70,408 traders were liquidated in the past 24 hours for $150.75 million.
Notable Developments:
- Buckle Up, Visa: Stablecoins Process $800 Billion In Transactions Per Month, Report Finds
- XRP, Ethereum, Solana And One Surprise Crypto (Not Bitcoin) Are Bitwise’s ‘Cleanest Plays’
- Polymarket Bettors See 50% Chance Of Fed September Rate Cuts As Trump Turns Up Heat On Powell
- Cathie Wood Agrees Circle IPO Is ‘Crypto’s ChatGPT Moment’ — Warns Institutions That Ignoring The AI-Crypto Combo ‘Just Isn’t An Option’
Top Gainers:
| Cryptocurrency | Ticker | Price |
| Stellar | (CRYPTO: XLM) | $0.2902 |
| Raydium | (CRYPTO: RAY) | $2.46 |
| SPX6900 | (CRYPTO: SPX) | $1.46 |
Trader Notes: Crypto General noted that Bitcoin is consolidating within its daily range, setting up for a potential breakout. Despite skepticism around tariffs and Trump’s recent announcement, the chart signals remain bullish. He targets a move toward $115,000 in the near term.
Crypto trader Scient believes BTC is currently stuck in a “nowhere” zone, limiting trading interest. While he is watching two key trigger levels, he is also waiting for one of these scenarios to play out before re-engaging.
- Short setup: If price sweeps and deviates above $110,500, you’re looking to short.
- Long setup: If price sweeps below $105,200, you’re interested in a long entry.
Trader AK47 observed high-leverage liquidity pockets have formed around $110,000 and $108,000. These zones are likely price magnets, increasing the chances of a move toward them in the short term.
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