Bitcoin, Ethereum, Dogecoin Explode To New Highs: 'BTC Bull Market Is Locked And Loaded For 2025, Says Trader'

Zinger Key Points
  • Global cryptocurrency market capitalization is trading 6.5% higher to $2.5 trillion.
  • One trader noted that Bitcoin is locked and loaded for 2025, while another suggests buying the dips.

Cryptocurrency markets are trading higher as Donald Trump secured a second term in the presidential election.

CryptocurrencyPrice    Gains +/-
Bitcoin BTC/USD $75,833.12+9.5%
Ethereum ETH/USD $2,682.34 +11%
Solana SOL/USD $188.34+14.3%
Dogecoin DOGE/USD $0.1952+15.9%
Shiba Inu SHIB/USD $0.00001883+6%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume increasing by 14.5% and daily active addresses falling by 4.4%. Transactions greater than $100,000 are up from 8,295 to 9,141 in a single day. Exchanges netflows are down by 171.8%.
  • Coinglass data reports 128,336 traders were liquidated in the past 24 hours for $581.68 million. Crypto short liquidations of $369.8 million peaked to the highest level in more than a year.

Notable Developments:

Top Gainers:

CryptocurrencyPrice    Gains +/-
First Neiro On Ethereum NEIRO/USD $0.001918+42.2%
Uniswap UNI/USD $9.32+32.1%
Lido DAO LDO/USD $1.24 +29.3%

Trader Notes: With Bitcoin prices touching its new all-time high levels, crypto trader Jelle noted that Bitcoin broke out:

Crypto trader Crypto Bully suggests a “buy-the-dip” approach for Bitcoin, advising minimal action as long as Bitcoin holds around the $69,000 level. He cautions against attempting shorts unless for quick scalps and anticipate a potential price dip to the $68,000–$70,000 range within the next week or two.

He recommends buying the next dip in altcoins, noting that their main positions have been established since August, with limited leveraged trades currently active.

CryptoCon predicts a Bitcoin bull market is locked and loaded for 2025:

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.

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Image: Shutterstock

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