Bitcoin Hits $95K For The First Time Ever, Ethereum, Dogecoin Flat As Trump’s Crypto Policy Takes Shape: Top Analyst Describes BTC’s Path To $135K
Bitcoin hit $95,000 for the first time ever, following reports of a cryptocurrency-focused role in the incoming Donald Trump administration.
| Cryptocurrency | Gains +/- | Price (Recorded at 7:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +2.73% | $94,794.86 |
| Ethereum (CRYPTO: ETH) |
-0.98% | $3,083.96 |
| Dogecoin (CRYPTO: DOGE) | -0.87% | $0.3845 |
What Happened: The leading cryptocurrency briefly surpassed the never-seen-before level overnight on Wednesday before rebounding.
With the latest uptick, Bitcoin’s weekly gains jumped to nearly 5%, while its market dominance reached 60%. Its returns for November have shot past 33% already, against the historical average of 45%.
On the contrary, Ethereum, the second-largest cryptocurrency by market capitalization, slid below $3,100. It was down over 3.5% over the week.
Bitcoin’s rally followed reports of a dedicated cryptocurrency role in Trump’s administration that would act as a bridge between the White House, Congress, and regulatory agencies like the SEC and CFTC.
Nearly $350 million in leveraged positions were liquidated from the cryptocurrency market in the last 24 hours, with long liquidations accounting for $241 million.
Bitcoin’s Open Interest (OI) surged 6.52% in the last 24 hours, implying heightened speculative …
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