Cryptocurrency markets are trading higher on Wednesday, with Bitcoin surging back above the $96,000 mark.

Notable Statistics:

• IntoTheBlock data shows large transaction volume decreasing by 7.4% and daily active addresses falling by 15%. Transactions greater than $100,000 are down from 13,037 to 12,877 in a single day. Exchanges netflows are up by 43.1%.
• Coinglass data reports 88,921 traders were liquidated in the past 24 hours for $243.79 million. Crypto long liquidations at $66.6 million are at the lowest since Nov. 5.

Notable Developments:

• Ripple To Invest In Rebranded XRP Exchange-Traded Product By Bitwise
• ‘Crypto Dad’ Chris Giancarlo Advocates For Passing Crypto Regulation From The SEC To Another Commission — Here’s Why
• Long-Term Bitcoin Holders Locking In $2.02 Billion In Daily Realized Profits, Setting A New Record
• Donald Trump Eyes Former SEC Comissioner Paul Atkins As Gary Gensler’s Successor
• MicroStrategy-Linked ETFs Skyrocket 400% This Year: Is This ‘The Michael Saylor Effect’?
• Trump Administration To Reportedly Let CFTC Regulate Bitcoin, Ethereum Spot Market, Is The SEC Set To Lose Its Grip Over Crypto?

Top Gainers:

Trader Notes: With Bitcoin prices picking up steam, CryptoQuant’s Head of Research sees a demand expansion driving Bitcoin higher.

More Crypto Online sees the price of Bitcoin having reached the first target of a bullish pattern at $96,046.

Crypto trader Astronomer Zero sees a familiar pattern playing out, saying, “Buy the fear, sell the greed, rinse and repeat.”

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