Bitcoin flirts with all-time highs, Ethereum and Dogecoin soaring: Traders who saw “only one untagged left high” should “pay attention”

Cryptocurrency markets soar on Tuesday Donald Trump”Increased electoral probabilities, broader economic factors, and easing geopolitical tensions.

Notable statistics:

• According to IntoTheBlock data, large transaction volume increased by 112.3% and daily active addresses increased by 18.2%. Transactions over $100,000 increased from 5,505 to 9,521 in one day. Exchange net flows decreased by 1,448.6%.
• According to Coinglass data, 61,293 traders liquidated for $263.54 million in the past 24 hours.
• Cryptocurrency analyst Miles Deutscher predicted future supply constraints, pointing out that Bitcoin foreign exchange reserves have reached an all-time low.
• Industry expert Benjamin Cowen pointed out that Bitcoin's dominance has finally reached 60% after more than three years.

Notable developments:

Top gainers:

Trader notes: As Bitcoin price chases an all-time high of $73,697, crypto trader Jere pointed out that only one untagged high remains.

CryptoCon added that the “halving cycle theory” predicts November 28th to be the start of the “true bull market” since early 2023. With Bitcoin prices nearing all-time highs and only a month left, this theory appears to be on track.

Bloomberg Senior ETF Analyst Eric Balchunas He said the US Spot Bitcoin ETF is expected to reach 1 million BTC by next Wednesday and surpass Satoshi's holdings (1.1 million BTC) by mid-December. He predicts that Donald Trump's victory and rising prices could accelerate FOMO-driven inflows and further accelerate the milestone.

The ETF adds about 17,000 BTC every week, but Balciunas believes market factors such as declines or price increases could affect the timeline.

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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