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Cryptocurrency markets are up regardless of ETFs recording their seventh consecutive day of negative fund flows.
| Cryptocurrency | Value | Features +/- |
| Bitcoin BTC/USD | $61,914.65 | +3.3% |
| Ethereum ETH/USD | $3,413.14 | +3.8% |
| Solana SOL/USD | $138.94 | +8.1% |
| Dogecoin DOGE/USD | $0.1281 | +10.6% |
| Shiba Inu SHIB/USD | $0.00001812 | +9.4% |
Notable Statistics:
- IntoTheBlock information exhibits giant transaction quantity up 154%, with every day lively addresses spiking 42%. Transactions higher than $100,000 greater than doubled to 9,368 from 4,580 in a single day. Alternate netflows elevated 71.9%.
- Coinglass information notes 41,349 merchants liquidated prior to now 24 hours for $137.49 million.
- Watcher Guru shared that SEC Chair Gary Gensler acknowledged that the “course of to identify Ethereum ETF approval goes easily.”
- Radar revealed that Warren Buffett-owned Brazilian financial institution Nubank plans to combine the Bitcoin Lightining funds.
Notable Developments:
Top Gainers:
| Cryptocurrency | Price | Gains +/– |
| Brett (Based) BRETT/USD | $0.1675 | +25.3% |
| Dogwifhat WIF/USD | $2.07 | +24.3% |
| Pepe PEPE/USD | $0.00001281 | +19.8% |
Blockchainedbb highlighted Bitcoin’s three consecutive every day closes above $60,000. “Bears can pack their luggage and go for trip for two months,” provides the dealer.
One other crypto dealer highlighted that each June “Bitcoin discovered its native backside & then proceeded to rally over the summer season after which make an area high in August.”
Bitcoin analyst Willy Woo terms Bitcoin “a fast-emerging asset class.” He goes on so as to add that Bitcoin will 10x from right here and rival the U.S. greenback in dimension, changing into a reserve asset.
What’s Subsequent: The affect of Bitcoin as an institutional asset class is anticipated to be totally explored at Benzinga’s upcoming Future of Digital Assets occasion on Nov. 19.
Learn Subsequent: ‘The Easy Days’ In Crypto Are Over And Meme Coins Have Contributed To This, Says Trader
Picture: Shutterstock
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
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