Bitcoin, Ethereum, Dogecoin Simmer Down On Thanksgiving: Analyst Sees ‘Significant Shift’ From BTC Season To Alt Season
Leading cryptocurrencies powered down for Thanksgiving as signs of an incoming alt season emerged.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:00 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | -1.03% | $95,544.73 |
| Ethereum (CRYPTO: ETH) |
-2.38% | $3,562.08 |
| Dogecoin (CRYPTO: DOGE) | -1.50% | $0.4002 |
What Happened: Bitcoin oscillated within the $95,000 zone for the greater part of the day. Trading volume for the apex cryptocurrency plunged by as much as 28%.
Ethereum made a quick surge to $3,640, only to reverse course to the $3,500 range.
Bitcoin and Ethereum dominance dipped over the last 24 hours, while the market share of the rest of the altcoins rose.
Total cryptocurrency liquidations exceeded $204 million in the last 24 hours, with more than $129 million in bullish leveraged positions getting wiped out.
About $627 million in long positions risked getting liquidated if Bitcoin retraces to $93,000.
Bitcoin’s Open Interest (OI) fell 1.03% in the last 24 hours, …
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