6 hours Ago By Aniket Verma
Bitcoin and Ethereum continued trading flat even as equities notched fresh record highs. However, Dogecoin moved higher on Thursday. Cryptocurrency Gains +/- Price (Recorded at 9:30 p.
m. EDT) Bitcoin BTC/USD +0.29% $67,713.
61 Ethereum ETH/USD -0.46% $2,606.32 Dogecoin DOGE/USD +8.
86% $0.1353 What Happened : Bitcoin wiggled in a narrow range of $66,800-$67,400 for much of the day before kissing $68,000 overnight. The world's largest cryptocurrency was up over 12% in the last week.
Dogecoin spiked over 8% in the last 24 hours, extending a bullish trajectory that has seen the world's biggest meme coin gain around 26% over the week. Notably, on Thursday, Tesla and SpaceX CEO Elon Musk referenced the Department of Government Efficiency (DOGE) during a town hall in Pennsylvania , where he expressed support for the GOP presidential candidate Donald Trump Cryptocurrency liquidations exceeded $168 million in the last 24 hours, with over $121 million in upside bets getting wiped out. Bitcoin's Open Interest rose by just 0.
53% in the last 24 hours. Additionally, more number of institutional investors and top trader accounts on Binance were shorting Bitcoin than those taking long positions on the asset. Market sentiment continued to be one of "Greed," according to the Cryptocurrency Fear & Greed Index.
Top Gainers (24-Hours) Cryptocurrency Gains +/- Price (Recorded at 9:30 p.m. EDT) Popcat (POPCAT) +10.
63% $1.35 Dogecoin (DOGE) +8.86% $0.
1358 Litecoin (LTC) +4.29% $73.50 The global cryptocurrency stood at $2.
32 trillion, following a marginal decrease of 0.05% in the last 24 hours. Stocks inched higher on Thursday.
The Dow Jones Industrial Average rose 161.35 points, or 0.37%, to close at a new record high of 43,239.
05. The tech-heavy Nasdaq Composite closed just above the flatline to hit 18,373.61, while the S&P 500 closed down 0.
02% to 5,841.47. AI juggernaut Nvidia Corp.
NVDA ended the day 0.89% higher, likely contributing to tech gains. Nvidia's rise, in turn, was due to Taiwan Semiconductor Manufacturing Co.
’s TSM stronger-than-expected third-quarter revenue . Additionally, retail sales in September bettered estimates , boosting confidence in the state of the economy. See More: Best Cryptocurrency Scanners Analyst Notes: Widely followed cryptocurrency analyst Michaël van de Poppe doubled down on his previous bullish estimates for King Crypto, citing U.
S. elections and a potential rate cut by the Federal Reserve. "Just a few weeks shy of the elections and a potential renewed rate cut from the [Federal Reserve].
The ATH for Bitcoin is close," the analyst projected. #Bitcoin still consolidating, which means some weakness for the markets. Just a few weeks shy of the elections and a potential renewed rate cut from the FED.
The ATH for #Bitcoin is close. pic.twitter.
com/F8mGAqy91i His predictions were echoed by another analyst, Aaron Crypto , who stated that $70,000-$71,000 could be the final resistance level for Bitcoin. $BTC Wyckoff Accumulation Update 🚨 Up $3,500 since my last tweet 🚀 ◾ $70,000-$71,000 still seems like the final resistance level. IMO, a move towards $71,000 followed by a quick dump and then break the previous ATH is a highly likely scenario.
A new ATH is coming...
pic.twitter.com/GXOg6tXeNt "IMO, a move towards $71,000 followed by a quick dump and then break the previous ATH is a highly likely scenario.
A new ATH is coming soon," the analyst added. Photo by Avi Rozen on Shutterstock Read Next: Anthony Scaramucci Tells What Percentage Of His Wealth Is Tied Up In Bitcoin: ‘I Haven’t Sold Any. Thank God, Knock On Wood!’ © 2024 Benzinga.
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