Bitcoin Up 2%, Dogecoin Surges 11%: Crypto Markets Storm Out Of The Gates On Monday, But Trader Cautions To ‘Stick To Your Plan’
Posted On October 28, 2024
Cryptocurrency markets are trading higher as Donald Trump‘s election odds continue their rally.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $69,526.75 | +2.6% |
| Ethereum (CRYPTO: ETH) | $2,506.32 | +0.7% |
| Solana (CRYPTO: SOL) | $176.00 | -0.4% |
| Dogecoin (CRYPTO: DOGE) | $0.1577 | +11.6% |
| Shiba Inu (CRYPTO: SHIB) | $0.0000178 | +4% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 11.1% and daily active addresses falling by 11.6%. Transactions greater than $100,000 are down from 6,085 to 5,505 in a single day. Exchanges netflows are down by 57%.
- Coinglass data reports 64,482 traders were liquidated in the past 24 hours as the total liquidations came in at $153.80 million.
- Metaplanet revealed that it has purchased additional 156.78 BTC.
- VanEck Head Of Digital Assets predicts Bitcoin will be worth $3 million and used as a global reserve asset by 2050.
Notable Developments:
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