{"id":2505,"date":"2024-11-12T12:17:51","date_gmt":"2024-11-12T12:17:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2505"},"modified":"2024-11-12T12:17:51","modified_gmt":"2024-11-12T12:17:51","slug":"bitcoin-nears-90000-how-high-can-the-apex-crypto-go","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2505","title":{"rendered":"Bitcoin Nears $90,000\u2014How High Can The Apex Crypto Go?"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) briefly touched $89,864 in early European trading hours, <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41888686\/bitcoin-blasts-through-87000-as-market-euphoria-regulatory-optimism-take-hold\">marking a notable surge<\/a> that saw the cryptocurrency rise 6% in the past 24 hours before stabilizing around $87,600.<\/p>\n<p><strong>What Happened: <\/strong>Speaking with Benzinga, experts say that minimal sell pressure and robust demand could drive the price even higher and that the rally reflects Bitcoin&#8217;s growing momentum as it closes in on the $90,000 milestone.<\/p>\n<p><strong>Ethereum <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) also surged, reaching a peak of $3,424 before settling at $3,300, up 3% in the past day.<\/p>\n<p>The rally in Bitcoin\u2019s price also brought with it a wave of volatility that affected both long and short traders. <\/p>\n<p>According to <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">data<\/a> from CoinGlass, the crypto surge came with significant liquidations, totaling $975.53 million in the past 24 hours alone. <\/p>\n<p>The liquidation breakdown shows that long positions accounted for $513.40 million, while short positions saw $462.12 million in losses.<\/p>\n<p>In a note to Benzinga, Bitfinex analysts noted that despite Bitcoin\u2019s new highs, the volume of profit-taking remains relatively low, with fresh demand helping &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41896277\/bitcoin-nears-90000-how-high-can-the-apex-crypto-go\" alt=\"Bitcoin\" nears high can the apex crypto go>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) briefly touched $89,864 in early European trading hours, marking a notable surge that saw the cryptocurrency rise 6% in the past 24 hours before stabilizing around $87,600. What Happened: Speaking with Benzinga, experts say that minimal sell pressure and robust demand could drive the price even higher and that the rally reflects [&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-2505","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\/2505","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=2505"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2505\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}