Bitcoin Taps $81K, Ethereum, Dogecoin Extend Rally Over Weekend: Legendary Trader Projects Apex Crypto To Hit $125K By New Year
Leading cryptocurrencies advanced higher on Sunday as the searing election week rally continued into the weekend.
| Cryptocurrency | Performance +/- | Price (Recorded at 7:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +4.94% | $80,604.17 |
| Ethereum (CRYPTO: ETH) |
+2.36% | $3,189.01 |
| Dogecoin (CRYPTO: DOGE) | +34.28% | $0.2925 |
What Happened: Bitcoin extended its record-breaking trajectory, breaching $81,000 for the first time, as expectations of a cryptocurrency-friendly administration under President-elect Donald Trump revitalized markets.
Ethereum, the second-largest cryptocurrency, broke $3,200 for the first time since July 31, while Dogecoin topped the daily gainers list with gains of more than 34%.
Bitcoin’s market dominance rose above 60%, following a 3.44 percentage point gain in the last 24 hours, while Ethereum also saw a minor increase in market share.
Over $683 million worth of funds locked in unsettled futures contracts were liquidated in the last 24 hours, with short liquidations accounting for more than half.
Bitcoin’s Open Interest spiked 5.41% in the last 24 hours to $48.61 billion, reflecting higher demand from derivatives traders.
Interestingly, the majority of top traders on the cryptocurrency exchange Binance took downside …
About The Author
