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Bitcoin Flirts With All-Time High, Ethereum, Dogecoin Surge: ‘Stay Tuned,’ Says Trader Who Sees ‘Only One Untagged High Left’

Posted On October 29, 2024

Cryptocurrency markets are surging on Tuesday amid Donald Trump’s rising election odds, positive broader economic factors and subsiding geopolitical tensions.

Cryptocurrency Price     Gains +/-
Bitcoin (CRYPTO: BTC)  $72,870.84 +4.4%
Ethereum (CRYPTO: ETH)  $2,662.43 +5.8%
Solana (CRYPTO: SOL)  $179.25 +1.3%
Dogecoin (CRYPTO: DOGE)  $0.1731 +10.4%
Shiba Inu (CRYPTO: SHIB)  $0.00001902   +6.8%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume increased by 112.3% and daily active addresses grew by 18.2%. Transactions greater than $100,000 are up from 5,505 to 9,521 in a single day. Exchanges netflows are down by 1,448.6%.
  • Coinglass data reports 61,293 traders were liquidated in the past 24 hours for $263.54 million.
  • Crypto analyst Miles Deutscher marked Bitcoin exchange reserves touching all-time lows as he predicts an incoming supply squeeze.
  • Industry expert Benjamin Cowen noted Bitcoin dominance finally peaking at 60% after more than three years.

Notable Developments:

Full story available on Benzinga.com

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