Cryptocurrency markets saw more sideways trading to close out the week, with inflation data failing to ignite a rally.
Prices as of 4 p.m. ET:
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $67,640 | -0.9% |
| Ethereum ETH/USD | $3,780 | +1.1% |
| Solana SOL/USD | $166.15 | -0.5% |
| Dogecoin DOGE/USD | $0.159 | -0.4% |
| Shiba Inu SHIB/USD | $0.0000255 | -1.3% |
Notable Statistics:
- Liquidations decreased by 15% to over $130 million over the past 24 hours.
- Trading volume was down by 5% over the same time frame.
Notable Developments:
- Bitcoin Price After The Latest Inflation Data Could Follow These 2 Scenarios, Says Veteran Trader
- Crypto Maturity Puts Pressure On Coinbase Trading Revenue
- Ethereum Could Hit $10K By Year-End, Says Analyst Signaling ‘Significant Bullish Move’
- Is It Time To Buy Bitcoin Mining Stocks?
- Donald Trump’s Crypto Wallet Grows By $500K In Value Following Trial
Top Gainers:
| Cryptocurrency | Price | Gains +/– |
| Lido LDO/USD | $2.53 | +8% |
| Beam BEAM/USD | $0.02853 | +7.5% |
| Pepe PEPE/USD | $0.00001507 | +4.5% |
Trader Notes: Veteran trader Shardi B sees more “chop,” warning traders that sideways price action could continue for several months ahead.
Loma Crypto complained that the “current cycle” is “boring.”
“At least in the last cycles, I can pretend to be interested the greater good of finance,” the user added.
What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
Photo: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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