Cryptocurrency markets are up as a policy adviser to Kamala Harris’ campaign stated that she will back any measures to assist in digital assets' growth. The response came when asked about the VP's efforts to engage the crypto community.
- IntoTheBlock data shows large transaction volumes being relatively flat, while transactions greater than $100,000 increased from 7,289 to 7,824. Exchanges netflows decreased by 160%.
- Coinglass data shows 38,204 traders liquidated in the past 24 hours for $99.49 million.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $61,580 | +3.5% |
| Ethereum ETH/USD | $2,649 | +1.8% |
| Solana SOL/USD | $143.6 | -0.3% |
| Dogecoin DOGE/USD | $0.1067 | +2.4% |
| Shiba Inu SHIB/USD | $0.00001408 | +2.5% |
Notable Developments:
- Ethereum Co-Founder Vitalik Buterin Proposes ‘Plurality’ As Solution To Crypto-Governance Tension
- Goldman Sachs Warns Against Misinterpreting Wednesday’s US Jobs Data As Crypto Markets Hold Their Breath
- Mt. Gox Transfers $709M In Bitcoin: Are Creditor Payouts Almost Over?
- Trump’s Son Continues To Whip Up Excitement On Upcoming Crypto Project: ‘Getting Very Excited’
- Grayscale Appoints Wall Street Veteran Peter Mintzberg As New CEO
Top Gainers:
| Cryptocurrency | Price | Gains +/- |
| Fantom FTM/USD | $0.4563 | +16.6% |
| Uniswap UNI/USD | $7.1 | +14% |
| Aave AAVE/USD | $141.3 | +13.9% |
Trader Notes: Crypto trader TradeButWhy noted that despite the three weeks since dump, his confidence has increased:
More Crypto Online sees Bitcoin heading towards $61,500, where it will face the next crucial decision.
CrediBULL Crypto predicts a “big breakout/squeeze to $63,000.” He believes the move is driven by a pretty relentless spot bid on Coinbase andconcluded, “If we do top here soon I am still interested in longs at $55,000-$56,000. If we continue to push will be looking for short again somewhere above $64,000.”
Rekt Capital noted that Bitcoin is on the verge of returning to re-accumulation range despite the recent downside deviation.
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
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
