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Bitcoin, Ethereum, Dogecoin Playing Seesaw: 'Read Past Bitcoin Cycles...We're Perfectly On The Path To The Moon,' Trader Says

Cryptocurrency markets are trading lower as the U.S. government moved 10,000 BTC to an unknown wallet and the latest CPI data release.CryptocurrencyPriceGains +/-Bitcoin (CRYPTO: BTC)$59,039-3.1%Ethereum (CRYPTO: ETH) $2,671-1.5%Solana (CRYPTO: SOL)$144.36-1.6%Dogecoin (CRYPTO: DOGE)$0.1028-2.9%Shiba Inu (CRYPTO: SHIB)$0.00001364-2.05%Notable Developments:EXCLUSIVE: Bitcoin Down To $59,200, But July CPI Report Is ‘Bullish For Bitcoin,’ Will Stabilize Crypto Market, Experts Tell BenzingaCircle CEO Jeremy Allaire: ‘Crypto Has Been A Bipartisan Issue For Quite Some Time’Bitcoin Miners Expand Capacity As Network Hashrate Hits New Record Despite Recent Price DropEXCLUSIVE: Chainbase Co-Founder Outlines Transformative Potential Of Web3 And AI For Digital EconomiesArkham Intelligence data reported 10,000 Silk Road bitcoin, worth $593.5 million, moved to Coinbase Prime.Notable Statistics:IntoTheBlock data shows Bitcoin’s large transaction volume increased by 9.2%, while exchange netflows dropped 102%. Transactions greater than $100,000 increased marginally from 7,557 on Aug. 12 to 7,957 on Aug.13.Coinglass data reported 36,241 traders liquidated in the past 24 hours for $122.49 million.Glassnode data highlighted that ...Full story available on Benzinga.com

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Published by: benzinga

Read full article here: https://www.benzinga.com/markets/cryptocurrency/24/08/40379797/bitcoin-ethereum-dogecoin-playing-seesaw-read-past-bitcoin-cycles-were-perfectly-on-the-pa