Bitcoin is hovering around $76,000 as the Federal Reserve raised the Federal Funds rate by 25 basis points.

CryptocurrencyTickerPrice
Bitcoin(CRYPTO: BTC)$75,854
Ethereum(CRYPTO: ETH)$2,403
Solana(CRYPTO: SOL)$98.02
XRP(CRYPTO: XRP)$1.28
Dogecoin(CRYPTO: DOGE)$0.08013
Shiba Inu(CRYPTO: SHIB)$0.054849

Notable Statistics:

  • Coinglass data shows 101,811 traders were liquidated in the past 24 hours for $455.24 million.       
  • SoSoValue data shows net outflows of $450.3 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $141.5 million.
  • In the past 24 hours, top gainers include Zcash, Bitway and Dash.

Notable Developments:

Trader Notes:

Trader Jelle remains confident Bitcoin will eventually push back toward its long-term channel highs. “Preparation season is on,” he said.

Bitfinex notes BTC’s realized cap has risen $9 billion since August despite the drop from $80,000 to $75,800, signaling a rising aggregate cost basis.

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