Cryptocurrency markets are higher on Wednesday as financial markets interpret recently released inflation data as a positive sign for stocks.
| Cryptocurrency | Price | Earnings +/- |
| Bitcoin BTC/USD | 100 $135.47 | +4% |
| Ethereum ETH/USD | $3,456.54 | +7.9% |
| Solana SOL/USD | $202.23 | +8.9% |
| XRP XRP/USD | $2.94 | +11% |
| Dogecoin DOGE/USD | $0.3773 | +7% |
| Shiba Inu SHIB/USD | $0.00002235 | +4.6% |
Notable stats:
- IntoTheBlock data shows significant transaction volume up 25.6% and daily active addresses up 6%. Transactions above $100,000 increased from 10,421 to 10,217 in a single day. Net trade flows are down 132.8%.
- Data from Coinglass reports that 100,006 traders were liquidated in the last 24 hours for $266.75 million.
Notable developments:
Best winner:
| Cryptocurrency | Price | Earnings +/- |
| Virtual protocol VIRTUAL/USD | $3.90 | +31.5% |
| ai16z AI/USD | $1.61 | +25.7% |
| XDC Network XDC/USD | $0.1304 | +23.9% |
Trader Notes: As Bitcoin Prices Reach $100,000, CryptoCon Provided Technical Analysis to the Crypto King, Saying the 5.618 Extension of the Cycle’s First Move Had a Near-Perfect Hit Rate for All Major Bitcoin Highs .
He sees Bitcoin’s price target at $184,181.
Crypto content creator Michael Pizzino welcomes $100,000 and expects a higher low, saying “Off to the races.” However, it will take a few days to train if this is to happen now.
Stoic believes that Bitcoin experienced a clear breakout of its value zone, followed by a reaction near the $80,000 high and a successful recovery of the $90,000 level.
Currently, a brief cooling period is expected in the meantime, with attention focused on finding spot support on the buy side.
A pullback into the high time frame would provide an ideal entry point for the bulls.
Currently, passive point stacking has been seen between $100,000 and $104,000.
If another breakout occurs, the focus will be on aggressively pursuing bids and absorbing sell walls.
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