Bitcoin, Ethereum, XRP, Dogecoin Rally Ahead Of Thanksgiving: Analyst Notes BTC Holding A ‘Crucial Level’ And Looking To Attack The Highs
Leading cryptocurrencies rallied alongside stocks on Wednesday, as investors shifted to risk-taking ahead of Thanksgiving festivities.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:15 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +3.71% | $90,739.79 |
| Ethereum (CRYPTO: ETH) |
+2.90% | $3,036.45 |
| XRP (CRYPTO: XRP) | +1.42% | $2.22 |
| Solana (CRYPTO: SOL) | +2.92% | $142.92 |
| Dogecoin (CRYPTO: DOGE) | +1.58% | $0.1548 |
Festive Rally Continues
Bitcoin surged to an intraday high of $90,819, continuing its strong Thanksgiving week rebound.
Ethereum broke through the $3,000 barrier after a week, although trading activity for the second-largest cryptocurrency remained thin. XRP and Dogecoin gained 1.42% and 1.58%, respectively, in the last 24 hours.
Bitcoin’s dominance dipped below 58%, while Ethereum’s market share fell to 11.8%.
Shares of Bitcoin treasury company Strategy Inc. (NASDAQ:MSTR) lifted 2% during the regular trading session.
Benzinga Edge delivers real-time stock alerts, trade ideas, and professional investing tools to help you navigate the market. Find out more about MSTR here.
Cryptocurrency liquidations reached $270 million in the last 24 hours, according to Coinglass, with $192 in bearish shorts wiped out.
Bitcoin’s open interest increased by 2.38% to $61 billion in the last 24 hours. More than …
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