Major cryptocurrencies traded mixed on Thursday evening as U.S.-listed spot Bitcoin exchange-traded funds (ETF) began trading amidst high anticipation.
| Cryptocurrency | Gains +/- | Price (Recorded 9:30 p.m. EST) |
| Bitcoin (CRYPTO: BTC) | -0.90% | $46,195 |
| Ethereum (CRYPTO: ETH) | +0.55% | $2,596 |
| Dogecoin (CRYPTO: DOGE) | -0.08% | $0.083 |
What Happened: Bitcoin briefly surged to over $49,000 on Thursday, marking its first time reaching that level since December 2021. The cryptocurrency, which is the largest by market capitalization, began the day below $46,000, then swiftly rose above $47,000 before peaking at $49,042 during the early U.S. trading session. However, it subsequently relinquished all its gains and is now trading above the $46,000 mark.
In the last 24 hours, data from CoinGlass reveals that a staggering 81,413 traders faced liquidation, resulting in a total amount of $231.96 million in liquidations. The largest single liquidation order, valued at $6.61 million, occurred on Binance for the BTC-USDT pair.
During this period, a nearly equal number of short and long positions were liquidated, reflecting a scenario where both FOMO (fear of missing out) and selling frenzy were at play. Notably, BTC longs worth $43.49 million and shorts valued at $39.86 million were liquidated.
Top Gainer (24 Hour)
| Cryptocurrency | Gains +/- | Price (Recorded 9:30 p.m. EDT) |
| Ethereum Name Service(CRYPTO: ENS) | +25.88% | $22.75 |
| Sui (CRYPTO: SUI) | +21.58% | $1.08 |
| Tezos (CRYPTO: XTZ) | +14.42% | $1.10 |
The global cryptocurrency market cap now stands at $1.75 trillion, showing a 2.21% increase in the past 24 hours.
Stocks ended Thursday with little change, as new inflation data showed an increase in consumer prices for December. The Nasdaq Composite finished the day nearly unchanged at 14,970.19, while the S&P 500 dipped slightly to close at 4,780.24. At one point during the session, the S&P 500 briefly surpassed its record closing high of 4,796.56.
The report for December’s consumer price index revealed a 0.3% rise in consumer prices for the month, bringing the annual rate to 3.4%. Economists surveyed by Dow Jones had anticipated a 0.2% increase in the CPI for December and a 3.2% rise on a year-over-year basis.
The core CPI, which excludes volatile food and energy prices, met expectations, indicating persistent but slightly easing…
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