Bitcoin, Ethereum Wobble As Election Results Loom, But Dogecoin Surges: Expect ‘Brutal’ Price Action In The Next 48 Hours, Trader Warns
Posted On November 4, 2024
Cryptocurrency markets are trading lower on the day before the presidential election.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $67,873.44 | -1.1% |
| Ethereum (CRYPTO: ETH) | $2,429.33 | -0.8% |
| Solana (CRYPTO: SOL) | $159.90 | -0.6% |
| Dogecoin (CRYPTO: DOGE) | $0.1596 | +7.5% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001691 | -1.5% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 7.7% and daily active addresses falling by 8.4%. Transactions greater than $100,000 are down from 6,498 to 5,942 in a single day. Exchanges netflows are down by 457.7%.
- Coinglass data reports 59,506 traders were liquidated in the past 24 hours for $159.29 million.
Notable Developments:
- Michigan Pension Fund Invests $10M In Ethereum ETFs, Exceeds Bitcoin Holdings
- Why Do Crypto Projects Fail? Naval Ravikant Reveals Surprising Reason Behind This Phenomenon
- $61,000 Is Bitcoin’ Line In The Sand For ETF Demand To Remain Steady, Says Analyst
- Bitcoin Could Hit $90,000 If Trump Wins, Hold $50,000 Floor Under …
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