Bitcoin Breaks $121,000; Ethereum, Dogecoin, XRP Also Extend Gains: Analytics Firm Says BTC Rally To $130,000 ‘Appears Realistic’
Leading cryptocurrencies and stocks rose higher on Thursday, as investors shrugged off government shutdown concerns.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:25 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +1.30% | $120,125.23 |
| Ethereum (CRYPTO: ETH) |
+2.55% | $4,468.61 |
| XRP (CRYPTO: XRP) | +1.98% | $3.01 |
| Solana (CRYPTO: SOL) | +4.82% | $231.39 |
| Dogecoin (CRYPTO: DOGE) | +4.47% | $0.2590 |
Shorts Continue To Get Liquidated
Bitcoin extended its October rally, breaking past $121,000 for the first time since mid-August. The apex cryptocurrency was only 3.43% away from its all-time high. JPMorgan analysts lifted their year-end price target for Bitcoin to $165,000.
Ethereum also topped $4,500 late afternoon, before easing to $4,700 as of this writing.
Cryptocurrency liquidations hit $393 million in the last 24 hours, with over $274 million in bearish shorts wiped out. About $435 million in Bitcoin shorts risked liquidation if the apex cryptocurrency moves up to $123,000,
Bitcoin’s open interest rose further by 3.02% in the last 24 hours, suggesting an influx of fresh money into its derivatives market.
“Greed” sentiment prevailed in the cryptocurrency market, according to the Crypto …
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