Bitcoin, Ethereum, Dogecoin Zoom Higher As Bitcoin Conference Awaits Donald Trump’s Keynote Speech
By Benzinga
Cryptocurrency markets are trading higher as the Bitcoin Conference awaits Donald Trump‘s keynote speech on Saturday.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $67,835 | +5% |
| Ethereum (CRYPTO: ETH) | $3,265 | +5.2% |
| Solana (CRYPTO: SOL) | $182.9 | +8.5% |
| Dogecoin (CRYPTO: DOGE) | $0.1336 | +10.5% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001689 | +6% |
Notable Statistics:
- IntoTheBlock data shows a marginal increase in transactions greater than $100,000 from 7,583 to 7,838. Daily active addresses are up 3% over the past 24 hours. Around 93% of Bitcoin holders are in profit, 7% are at breakeven.
- Coinglass data shows 35,419 traders liquidated in the past 24 hours for $119.3 million.
- Crypto chart analyst Ali Martinez cited a Coingecko survey, which shows that only 10.6% of crypto investors think Solana will exceed $1,000.
- At the Bitcoin Conference, Microstrategy Chairman Michael Saylor predicted Bitcoin will be worth $13 million per coin by 2045.
- The Michigan state pension fund disclosed 110,000 shares of the ARK 21Shares Bitcoin ETF in its latest U.S. SEC filing.
Notable Developments:
- Bitcoin ETFs In Japan: Franklin Templeton Partners With SBI Holdings To Launch Digital Asset Management Company
- Senator Warren Raises Alarm Over Foreign-Owned Crypto Mining Operations In The US
- 87% Of Bitcoin Conference Speakers Are Men — Why Are There So Few Women?
- Elon Musk’s X Axes Bitcoin, Crypto Emojis From Hashtags
Top Losers:
| Cryptocurrency | Price | Gains +/– |
| Conflux (CRYPTO: CFX) | $0.1701 | +21.8% |
| Popcat (CRYPTO: POPCAT) | $0.9407 | +19% |
| Jupiter (CRYPTO: JUP) | $1.07 | +15% |
Trader Notes: Stockmoney Lizards predicts Bitcoin to go “nuts big time soon” and expects a massive run itowards the year’s final quarter. He highlights certain factors like the halving, a post-halving correction and redistribution and expects a short-squeeze with a lot of liquidations.
The trader also pointed to smart money buying in the past two months, a strong reason to “believe prices have been kept in range before the big breakout.”
Another trader predicts a breakout:
Emperor noted Bitcoin bouncing from the support zone but still being in a larger range where resistance is expected to come heading towards $72,000 levels. He believes $63,500 is a good buy zone. If $67,000 is held, $69,500 should be next.
On the contrary, AllStreet Bets cautioned traders that the coming week could spell a pullback and consolidation.
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
