Bitcoin, Dogecoin Move Up, Ethereum Steadies As Traders Prepare For Crypto’s Final 2024 Flourish — Will BTC Hit $100K In December? Analyst Explains
Leading cryptocurrencies rose Sunday as traders returned from Thanksgiving to pursue Bitcoin’s critical $100,000 target.
| Cryptocurrency | Gains +/- | Price (Recorded at 7:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +1.11% | $97,615.63 |
| Ethereum (CRYPTO: ETH) |
+0.03% | $3,714.25 |
| Dogecoin (CRYPTO: DOGE) | +4.50% | $0.4497 |
What Happened: Bitcoin sailed past $97,000, rising to an intraday high of $97,835. The world’s leading cryptocurrency followed a corrective trajectory last week after coming within touching distance of the $100,000 mark.
Ethereum chopped in the $3,700 zone, following an impressive run last week that saw the second-largest cryptocurrency surge over 12%.
Both Bitcoin and Ethereum registered a dip in their dominance as other altcoins grew their market share.
Total cryptocurrency liquidations reached $294 million in the last 24 hours, with short liquidations exceeding longs.
Bitcoin’s Open Interest (OI) rose 1.82% in the last 24 hours, while the number of traders going long on the asset surged dramatically vis-à-vis those betting against its rise.
The “Extreme Greed” sentiment fell marginally from 81 to 80 in the last 24 hours, according to the Cryptocurrency Fear & Greed Index.
Top Gainers (24-Hours)
| Cryptocurrency | Gains … |
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