Bitcoin, Ethereum Shift Sideways, Dogecoin Jumps As Stocks Hit New Record: Top Analyst Predicts King Crypto To Hit New High In 3-4 Weeks, $90K By Year-End

Bitcoin saw a halt in its rally, while the king of meme coins, Dogecoin, fared among the biggest gainers Wednesday.

Cryptocurrency Gains +/- Price (Recorded at 9:30 p.m. EDT)
Bitcoin (CRYPTO: BTC) +0.21% $67,611.27
Ethereum (CRYPTO: ETH)
               
-0.24% $2,617.40
Dogecoin (CRYPTO: DOGE)           +7.19% $0.1253

What Happened: The world’s largest cryptocurrency bounced above $68,000 in the early morning hours, a level not seen since the last week of July. 

However, bulls faced stiff resistance subsequently, resulting in a sideways movement in the high $67,000s.

Dogecoin jumped over 7%, becoming the best-performing billon-dollar capitalization coin in the last 24 hours.

“BTC continues to remain resilient above the $65,000 level as betting markets point to higher odds of Trump’s win,” Digital asset trading firm QCP Capital said.

Total cryptocurrency liquidations hit $126.32 million in the last 24 hours after hitting a two-week high the previous day. More than $72 million in bullish bets was wiped out.

Bitcoin’s Open Interest jumped 3.20% in the last 24 hours. A rise in OI, coupled with a sideways price movement, indicated a potential breakout to the upside.

Market sentiment continued …

Full story available on Benzinga.com