Bitcoin Holds Near $113,000 As Ethereum, XRP Struggle To Maintain Support

    📊Market Analysis
    August 28, 2025 at 11:14:59
    XRP at Publish:
    XRP Logo$3.00

    Summary

    • Bitcoin remains near $113,000, supported by positive market sentiment. • Ethereum and XRP struggle to maintain recent support levels amid market fluctuations. • Cryptocurrency traders face significant liquidations, totaling nearly $265 million in 24 hours.

    Cryptocurrency markets are trading higher on Thursday morning following Nvidia's earnings call.


    Cryptocurrency Ticker Price
    Bitcoin (CRYPTO: BTC) $112,983.29
    Ethereum (CRYPTO: ETH) $4,602.52
    Solana (CRYPTO: SOL) $213.10
    XRP (CRYPTO: XRP) $3.00
    Dogecoin (CRYPTO: DOGE) $0.2232
    Shiba Inu (CRYPTO: SHIB) $0.00001260

    Notable Statistics:

    • Coinglass data shows 97,993 traders were liquidated in the past 24 hours for $265.21 million.
    • SoSoValue data shows net inflows of $81.3 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ET'Fs saw net inflows of $307.2 million. 

    Trader Notes: Glassnode data indicates Bitcoin trades below the cost basis of 1 million and 3 million holders at $113,600 and $115,600, respectively.

    With ...

    Full story available on Benzinga.com

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