Bitcoin, Ethereum, Dogecoin, XRP Shrug Off Shutdown Concerns: Analytics Firm Projects BTC’s Q4 Surge to $160,000–$200,000
Leading cryptocurrencies jumped alongside stocks on Wednesday, as investors looked past government shutdown concerns.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +3.67% | $118,549.98 |
| Ethereum (CRYPTO: ETH) |
+4.82% | $4,353.67 |
| XRP (CRYPTO: XRP) | +4.13% | $2.96 |
| Solana (CRYPTO: SOL) | +6.27% | $221.42 |
| Dogecoin (CRYPTO: DOGE) | +6.77% | $0.2482 |
‘Greed’ Sentiment Returns To Crypto
Bitcoin soared to an intraday high of $119,453.67, reaching levels not seen since the mid-August rally. Trading volume spiked 31% to $76 billion.
Similarly, Ethereum broke past the $4,000 support barrier, reaching intraday highs of $4,381.41.
Historically, October has been a bullish month for the market, with Bitcoin and Ethereum gaining an average of 20% and 4.74%, respectively, leading many to dub it as “Uptober.”
Meanwhile, cryptocurrency liquidations hit $580 million in the last 24 hours, with bearish short traders facing the brunt of the losses.
Bitcoin’s open interest popped 6.13% in the last 24 hours, while funds locked in Ethereum derivatives also jumped 5.68%.
“Greed” sentiment returned to the cryptocurrency market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:30 p.m. ET) |
|---|---|---|
| Zcash (ZEC) | +56.72% | $118.14 |
| Dash (DASH) |
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