Bitcoin, Ethereum, Dogecoin Pump On Election Day: Medium-Term Outlook Is ‘Super Bullish,’ Says Analyst

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:

Full story available on Benzinga.com