Bitcoin, Ethereum, Dogecoin Dip, But Trader Predicts $100,000 Bitcoin Breakout Followed By 20-25% Correction
Posted On December 2, 2024
Cryptocurrency markets are trading lower on Monday, with selected altcoins recording significant gains.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $96,068.16 | -0.98% |
| Ethereum (CRYPTO: ETH) | $3,618.32 | -2% |
| Solana (CRYPTO: SOL) | $224.74 | -4.5% |
| Dogecoin (CRYPTO: DOGE) | $0.4257 | -0.5% |
| Shiba Inu (CRYPTO: SHIB) | $0.00002918 | -4.3% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 12.5% and daily active addresses falling by 12.4%. Transactions greater than $100,000 are down from 8,716 to 8,298 in a single day. Exchanges netflows moved from negative $82.1 million to 132.3 million in single day.
- Coinglass data reports 224,165 traders were liquidated in the past 24 hours for $667.81 million.
- Arkham Intelligence that the U.S. government has moved $1.92 billion BTC to a new address.
Notable Developments:
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