Cryptocurrency Prices Slip Before Key Inflation Data Release
Cryptocurrency markets slipped this Friday morning. Bitcoin is facing resistance near the $107,000 mark. The current trading condition shows thin spot volumes and weak speculative interest. This raises questions regarding the strength of Bitcoin’s recent rally.
Here’s a look at notable cryptocurrency prices:
– Bitcoin (CRYPTO: BTC): $107,151.6
– Ethereum (CRYPTO: ETH): $2,454.9
– Solana (CRYPTO: SOL): $142.2
– XRP (CRYPTO: XRP): $2.09
– Dogecoin (CRYPTO: DOGE): $0.1611
– Shiba Inu (CRYPTO: SHIB): $0.00001123
A recent report from IntoTheBlock indicates that Bitcoin’s large transaction volume fell by 7.2%. Conversely, Ethereum’s large transaction volume saw a nominal increase of 0.5%. This mixed data points toward uncertainty and caution among investors as they await critical economic indicators.