Cryptocurrency markets are trading relatively flat after spiking during the day as Donald Trump's election odds increased.
| cryptocurrency | price | Gain +/- |
| Bitcoin BTC/USD | $66,756.23 | +1.2% |
| Ethereum ETH/USD | $2,584.21 | -1.4% |
| Solana Sol/USD | $154.66 | -0.6% |
| dogecoin doge/usd | $0.1146 | -0.7% |
| Shiba Inu SHIB/USD | $0.00001806 | -0.8% |
Notable statistics:
- According to IntoTheBlock data, large transaction volume is up 73.8% and daily active addresses are up 17.4%. Transactions over $100,000 increased from 5,104 to 9,217 in one day. Exchange net flows fell by 2,523%.
- According to Coinglass data, 97,280 traders liquidated for $312.03 million in the past 24 hours. Long crypto liquidations amounted to $169.4 million, the highest amount since October 2nd.
Notable developments:
Top gainers:
| cryptocurrency | price | Gain +/- |
| cat in dog world Miu/USD | $0.008708 | +8.4% |
| phantom FTM/USD | $0.7717 | +6.4% |
| beam beam/usd | $0.01748 | +6.3% |
Trader notes: With the price of Bitcoin above the $66,000 level, Smiley Capital said it was time for “more bullish propaganda.” The trader pointed to a pattern that has held up over the past three Bitcoin bull markets.
Cold-Blooded Shiller suggests that Bitcoin is approaching an important battle zone on the weekly chart. Indicators on the daily chart, such as RSI 67, indicate that momentum is stalling. If Bitcoin breaks above this level, it would confirm a change in market momentum and indicate that the bulls are in control.
Analysts predict that if the market enters the “overbought” zone for the first time in seven months, it could stay there for some time and send Bitcoin to over $100,000. This change will be a technologically significant breakout.
what's next: The impact of Bitcoin as an institutional asset class will be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on November 19th.
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