Bitcoin, Ethereum, Dogecoin Surge: Has The ‘Final Cycle Pump’ Really Started?
Cryptocurrency markets are trading 5.9% higher to $2.19 trillion as crypto short liquidations spiked to the highest level since Aug. 23.
Cryptocurrency | Price | Gains +/- |
Bitcoin (CRYPTO: BTC) | $63,485.74 | +5.3% |
Ethereum (CRYPTO: ETH) | $2,467.60 | +6.6% |
Solana (CRYPTO: SOL) | $143.74 | +10.8% |
Dogecoin (CRYPTO: DOGE) | $0.1062 | +5% |
Shiba Inu (CRYPTO: SHIB) | $0.0000142 | +6.3% |
Notable Statistics:
- IntoTheBlock data shows a 1% drop in large transaction volume and a 5.7% decline in daily active addresses. However, exchanges netflows narrowed by 278.4%. With Bitcoin prices racing beyond the $61,000 mark, 88% of Bitcoin holders are in profit, while 12% are at breakeven.
- Coinglass data shows 61,634 traders liquidated in the past 24 hours for $190.39 million, with short liquidations coming in at $117.6 million, the highest level since Aug. 23.
Notable Developments:
- Cybercriminals Busted For $243M Crypto Heist: They Spent Hundreds Of Thousands In Night Clubs And On Luxury Gifts
- What’s Going On With Coinbase Stock?
- Jade City To Democratize Access To $50B Jade Market With Tokenization Platform
Top Gainers:
Cryptocurrency | Price | Gains +/- |
Popcat (SOL) (CRYPTO: POPCAT) | $0.8976 | +28.2% |
Sei (CRYPTO: SEI) | $0.3344 | +19.9% |
Dogwifhat (CRYPTO: WIF) | $1.77 | +18.5% |
Trader Notes: With Bitcoin prices chasing the $63,000 mark, Cold Blooded Shiller predicts that if this move breaks to the upside, “expect this area to be a sweep with a fast response back.” He suggests keeping note of the $61,500 level.
Stockmoney Lizards marks this price movement as the beginning of the “final cycle pump” and expects the cycle top around September to October 2025 between $200,000 and $260,000.
What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
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Image: Shutterstock