Cryptocurrency markets are trading lower on Thursday as President-elect Donald Trump rang the bell at the New York Stock Exchange.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $99,666.97 | -1.7% |
| Ethereum ETH/USD | $3,882.77 | +1.8% |
| Solana SOL/USD | $228.16 | -0.9% |
| XRP XRP/USD | $2.36 | -3.2% |
| Dogecoin DOGE/USD | $0.404 | -3.2% |
| Shiba Inu SHIB/USD | $0.00002804 | -4% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 5.3% and daily active addresses falling by 11.9%. Transactions greater than $100,000 remained relatively flat while exchanges netflows are up by 308.9%.
- Coinglass data reports 100,126 traders were liquidated in the past 24 hours for $290.48 million.
Notable Developments:
Top Gainers:
| Cryptocurrency | Price | Gains +/- |
| Aave AAVE/USD | $359.71 | +23.9% |
| Lido DAO LDO/USD | $2.27 | +20% |
| Chainlink LINK/USD | $26.98 | +12.9% |
Trader Notes: With Bitcoin prices breaking the $100,000 mark, crypto trader Jelle sees a potential drop back to $97,000 from here. He added that this could be for scaring traders and then a “real breakout.”
Jelle is expecting a “true breakout before Christmas — 2025 is going to be a crazy ride.”
Crypto trader Javon Marks sees Bitcoin trading well above the $67,559 level, indicating a bullish setup.
The next target is $116,652, representing a potential 15% move higher. A breakout above this level could pave the way for further gains, with more than $165,000 as the subsequent target.
Crypto trader Nic predicts an “explosive BTC price action” as the 20-day Bollinger band bandwidth is at its lowest level in months. He advises, “Keep an eye out for an upside breakout above the upper band.”
Read Next:
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
