Bitcoin, Ethereum, Dogecoin Heat Up In Pre-Thanksgiving Rally: ‘Buy The Fear, Sell The Greed, Rinse And Repeat,’ Says Trader
Posted On November 27, 2024
Cryptocurrency markets are trading higher on Wednesday, with Bitcoin surging back above the $96,000 mark.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $96,719.50 | +5.3% |
| Ethereum (CRYPTO: ETH) | $3,599.43 | +8.8% |
| Solana (CRYPTO: SOL) | $239.41 | +4.5% |
| Dogecoin (CRYPTO: DOGE) | $0.4042 | +6.6% |
| Shiba Inu (CRYPTO: SHIB) | $0.00002545 | +5.7% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 7.4% and daily active addresses falling by 15%. Transactions greater than $100,000 are down from 13,037 to 12,877 in a single day. Exchanges netflows are up by 43.1%.
- Coinglass data reports 88,921 traders were liquidated in the past 24 hours for $243.79 million. Crypto long liquidations at $66.6 million are at the lowest since Nov. 5.
Notable Developments:
About The Author
