Bitcoin, Ethereum, Dogecoin Pump On Election Day: Medium-Term Outlook Is ‘Super Bullish,’ Says Analyst
Posted On November 5, 2024
Cryptocurrency markets are trading higher as markets predict a Trump win, boosting sentiment.
Cryptocurrency | Price | Gains +/- |
Bitcoin (CRYPTO: BTC) | $70,020.74 | +3.2% |
Ethereum (CRYPTO: ETH) | $2,446.49 | +0.7% |
Solana (CRYPTO: SOL) | $167.03 | +4.5% |
Dogecoin (CRYPTO: DOGE) | $0.1728 | +8.6% |
Shiba Inu (CRYPTO: SHIB) | $0.00001802 | +6.5% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 89.1% and daily active addresses growing by 25.1%. Transactions greater than $100,000 are up from 5,942 to 8,295 in a single day. Exchanges netflows are down by 60.2%.
- Coinglass data reports 79,522 traders were liquidated in the past 24 hours with the total liquidations at $218.60 million.
Notable Developments: