Bitcoin, Ethereum, Dogecoin Trade Like ‘No Bear Market On The Horizon,’ Trader Predicts All-Time High In The ‘Next 3-4 Weeks’
Posted On October 16, 2024
Cryptocurrency markets are trading higher, taking 96% Bitcoin holders into profit.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $67,883.56 | +1.6% |
| Ethereum (CRYPTO: ETH) | $2,617.07 | +1.3% |
| Solana (CRYPTO: SOL) | $154.56 | -0.15% |
| Dogecoin (CRYPTO: DOGE) | $0.1265 | +10.2% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001869 | +3.4% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 43.5% and daily active addresses growing by 10.4%. Transactions greater than $100,000 are up from 9,217 to 9,654 in a single day. Exchanges netflows are up by 43.8%.
- Coinglass data reports 53,788 traders were liquidated in the past 24 hours for $147.29 million.
- Crypto trader Jake Gagain pointed to Bitcoin reaching the highest market dominance (58.8%) since 2021. Analysts predict Bitcoin could reach 60% dominance before an altcoin season begins.
Notable Developments:
About The Author
