{"id":2480,"date":"2024-11-11T22:01:25","date_gmt":"2024-11-11T22:01:25","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2480"},"modified":"2024-11-11T22:01:25","modified_gmt":"2024-11-11T22:01:25","slug":"bitcoin-blasts-through-88000-as-market-euphoria-regulatory-optimism-take-hold","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2480","title":{"rendered":"Bitcoin Blasts Through $88,000 As Market &#8216;Euphoria,&#8217; Regulatory Optimism Take Hold"},"content":{"rendered":"<div>\n<p>Even as <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) crossed $88,000, up nearly 11% in 24 hours and over 30% the past week, experts say that &#8220;euphoria has set into the market,&#8221; suggesting <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41876266\/bitcoin-blasts-past-82000-buy-everything-you-can-says-bernstein\">prices could reach $100,000<\/a> before encountering serious resistance.<\/p>\n<p>This rise has fueled significant liquidations totaling $655.12 million across long and short positions, sparking conversation about the factors driving Bitcoin&#8217;s rally and its potential trajectory. BTC had set an all-time high of $88,364 at the time of publication.<\/p>\n<p>According to <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">data <\/a>from CoinGlass, shorts worth $341.88 million got liquidated over the past 24 hours.<\/p>\n<p>Speaking with Benzinga, <strong>Azeem Khan<\/strong>, co-founder of <strong>Morph<\/strong>, said, &#8220;Now that Bitcoin has crossed $85k, we&#8217;re absolutely at the place where euphoria has set into the market.&#8221; He cautioned against further buying due to the high likelihood of a future correction.<\/p>\n<p>With factors like the Trump &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41888686\/bitcoin-blasts-through-87000-as-market-euphoria-regulatory-optimism-take-hold\" alt=\"Bitcoin\" blasts through as market regulatory optimism take hold>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Even as Bitcoin (CRYPTO: BTC) crossed $88,000, up nearly 11% in 24 hours and over 30% the past week, experts say that &#8220;euphoria has set into the market,&#8221; suggesting prices could reach $100,000 before encountering serious resistance. This rise has fueled significant liquidations totaling $655.12 million across long and short positions, sparking conversation about the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2480","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2480"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2480\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}