Cryptocurrency markets are trading higher in the aftermath of the failed assassination attempt on former President Donald Trump.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $63,450.42 | +5.9% |
| Ethereum ETH/USD | $3,413.92 | +7% |
| Solana SOL/USD | $155.8 | +7.3% |
| Dogecoin DOGE/USD | $0.12 | +8% |
| Shiba Inu SHIB/USD | $0.00001853 | +7.9% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 4% and daily active addresses growing by 27.5%. Led by the price surge, 87% of Bitcoin holders are currently making a profit, while 13% remain at breakeven.
- Coinglass data shows 51,245 traders were liquidated in the past 24 hours for $166.00 million. Bitcoin short liquidations came in at the highest level ($48.3 million) since July 9.
- Crypto chart analyst Ali Martinez noted long-term Bitcoin holders are now back in action , with 6,500 BTC added to their wallets.
- Cryptoquant CEO Ki Young Ju spotted a recovery in spot ETF demand with 16,800 BTC flowing in last week.
Notable Developments:
- Notorious North Korean Hacker Group Lazarus Suspected Of Laundering $35M From The Infamous $305M DMM Bitcoin Heist
- Sam Altman-Backed Startup Aims To Store Carbon Dioxide In Rocks, Shrinking Decades-Long Timeline To ‘Single-Digit Months’
- ‘Bitcoin Is A Legitimate Financial Instrument,’ Says BlackRock CEO Larry Fink
- Long-Inactive Bitcoin Wallet Unleashes $60M Amid Market Rebound, Stands To Profit 497X On Sale
- Odds Of Trump Presidency Raised To All-Time High By Crypto Bettors After Assassination Bid
Top Gainers:
| Cryptocurrency | Price | Gains +/– |
| JasmyCoin JASMY/USD | $0.02973 | +22.1% |
| Pepe PEPE/USD | $0.00001065 | +21.3% |
| Floki FLOKI/USD | $0.000176 | +21.6% |
Trader Notes: Crypto expert Benjamin Cowen points to Bitcoin's resistance at $64,000 and if it remains constructive "then the big test will come potentially on a backtest of $60,000." He compared it to a similar move that happened in May.
CryptoGodJohn pointed out a “classic Bitcoin move.”
Crypto Chase noted Bitcoin is approaching the weekly fair value gap. While he states that if levels flip, he is looking for longs, he will not short this type of strength. He cautioned investors highlighting his own strategy to not give back gains without a clear read.
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.
Read Next:
Image: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
