Bitcoin, Ethereum, Dogecoin Slingshot To The Moon After Trump Victory But 'Sharp' Correction Might Be In Store: Analyst Views BTC Between $80-90K By End Of Year

Benzinga11-07

Leading cryptocurrencies gave a thumbs up to Donald Trump's presidential victory in anticipation of a friendlier White House. CryptocurrencyGains +/-Price (Recorded at 7:30 p.m. ET)Bitcoin BTC/USD+...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481994765?lang=en_US&edition=fundamental","thumbnail":"https://www.benzinga.com/files/images/story/2024/11/06/Cryptocurrency-Photo-by-Avi-Rozen-on-Shu.jpeg","is_english":true,"pubTime":"2024-11-07 09:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481994765","market":"us","top_or_hot":-1,"title":"Bitcoin, Ethereum, Dogecoin Slingshot To The Moon After Trump Victory But 'Sharp' Correction Might Be In Store: Analyst Views BTC Between $80-90K By End Of Year","media":"Benzinga","content":"<div>\n<p>Leading cryptocurrencies gave a thumbs up to Donald Trump's presidential victory in anticipation of a friendlier White House.\nCryptocurrencyGains +/-Price (Recorded at 7:30 p.m. ET)Bitcoin BTC/USD+...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/11/41794596/bitcoin-ethereum-dogecoin-slingshot-to-the-moon-after-trump-victory-but-sharp-correction-m\">Source Link</a>\n\n</div>\n","source":"Benzinga","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin, Ethereum, Dogecoin Slingshot To The Moon After Trump Victory But 'Sharp' Correction Might Be In Store: Analyst Views BTC Between $80-90K By End Of Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin, Ethereum, Dogecoin Slingshot To The Moon After Trump Victory But 'Sharp' Correction Might Be In Store: Analyst Views BTC Between $80-90K By End Of Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-07 09:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/24/11/41794596/bitcoin-ethereum-dogecoin-slingshot-to-the-moon-after-trump-victory-but-sharp-correction-m><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Leading cryptocurrencies gave a thumbs up to Donald Trump's presidential victory in anticipation of a friendlier White House.\nCryptocurrencyGains +/-Price (Recorded at 7:30 p.m. ET)Bitcoin BTC/USD+...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/11/41794596/bitcoin-ethereum-dogecoin-slingshot-to-the-moon-after-trump-victory-but-sharp-correction-m\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DJT","symbol_name":"特朗普媒体科技集团","start_time":0,"source_url":"https://www.benzinga.com/markets/cryptocurrency/24/11/41794596/bitcoin-ethereum-dogecoin-slingshot-to-the-moon-after-trump-victory-but-sharp-correction-m","article_id":"2481994765","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2024/11/06/Cryptocurrency-Photo-by-Avi-Rozen-on-Shu.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481994765","pubTimestamp":1730943731,"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Leading cryptocurrencies gave a thumbs up to Donald Trump&#39;s presidential victory in anticipation of a friendlier White House.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DJT":"特朗普媒体科技集团","BK4585":"ETF&股票定投概念","CETH":"21Shares Core Ethereum ETF","TAO":"中国房地产指数ETF-Guggenheim","TSLA":"特斯拉","BK4594":"比特币ETF概念","BK4588":"碎股","QETH":"Invesco Galaxy Ethereum ETF","FETH":"Fidelity Ethereum Fund","ETHV":"Vaneck Ethereum ETF","EZET":"Franklin Ethereum Etf","BTC":"Grayscale Bitcoin Mini Trust"},"translate_title":"特朗普获胜后，比特币、以太币、狗狗币弹弓飞向月球，但“急剧”调整可能即将到来：分析师预计比特币到年底将达到80-9万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TAO":1,"QETH":1,"BTC":1,"CETH":1,"ETHV":1,"EZET":1,"FETH":1,"TSLA":0.7,"DJT":0.7},"content_text":"Leading cryptocurrencies gave a thumbs up to Donald Trump's presidential victory in anticipation of a friendlier White House.\nCryptocurrencyGains +/-Price (Recorded at 7:30 p.m. ET)Bitcoin BTC/USD+6.15%$75,185.83Ethereum ETH/USD               +9.67%$2,706.00Dogecoin DOGE/USD          +8.18%$0.1941\nWhat Happened: Bitcoin bettered its previous all-time high established in March with a handsome rally that pushed it above $75,000 for the first time.\nThe apex cryptocurrency's fourth-quarter gains increased to 18.74%, with history showing average returns of 83%.\nEthereum jumped to levels last seen in late August, while Dogecoin spiked over 8%.\nEthereum also encountered heavy sell-offs, while Dogecoin outperformed the market with over 8% gains in the last 24 hours.\nBearish leveraged traders witnessed a bloodbath, with nearly $400 million in short positions getting wiped out in the last 24 hours.\nBitcoin's Open Interest surged 9.30%, indicating a significant rise in speculative interest. Most top traders on the cryptocurrency exchange Binance leaned toward bullish positions, as the Binance Top Trader Long/Short Ratio was 1.48 as of this writing.\nMarket sentiment snowballed to \"Extreme Greed,\" as per the Cryptocurrency Fear and Greed Index, raising concerns of a correction.\nTop Gainers (24-Hours)\nCryptocurrencyGains +/-Price (Recorded at 7:30 p.m. ET)First Neiro On Ethereum (NEIRO)+59.56%$0.002222Ethena (ENA)+36.18%$0.5015Bittens (TAO)+32.70%$1.32\nThe global cryptocurrency stood at $2.47 trillion, following an increase of 5.55% in the last 24 hours.\nStocks erupted in a frenzy on Wednesday. The Dow Jones Industrial Average jumped 1,508.05 points, or 3.57%, to a record close at 43,729.93. \nThe S&P 500 lifted 2.53% to end at 5,929.04, while the tech-focused Nasdaq Composite gained 2.95% to close at 18,983.47. Both of these indexes notched a new record as well.\nThe benchmarks were helped by a 14.8% rally in the shares of Tesla Inc. TSLA, the tech behemoth whose CEO Elon Musk geared up for a potential role in the new Trump administration.\nTrump-owned Trump Media & Technology Group Corp. DJT also lifted nearly 6% during the session.\nSee More: Best Cryptocurrency Scanners\nAnalyst Notes: Popular on-chain analytics firm CryptoQuant noted that Bitcoin was still not overvalued, despite leaping to new highs.\n\"The MVRV ratio shows BTC is still far from peak levels. The price is also close to the purchase cost of traders, indicating it's not overheated. This hints at a potential for further growth,\" the firm said in an X post.\n\nBitcoin's new all-time high doesn't mean it's overvalued relative to its cost basis.The MVRV ratio shows $BTC is still far from peak levels.The price is also close to the purchase cost of traders, indicating it's not overheated.This hints at a potential for further growth. pic.twitter.com/xeeDdipN9O— CryptoQuant.com (@cryptoquant_com) November 6, 2024\n\nArthur Azizov, CEO of cryptocurrency payment provider B2BINPAY, said in a statement to Benzinga that Bitcoin might correct sharply by the end of this week or early next.\n\"The Bitcoin chart shows significant uncovered liquidity below the current price, while liquidity above has already been absorbed, indicating that a downward movement is needed to support sustainable future growth. Additionally, the Federal Reserve's rate announcement on Thursday is expected to bring further price volatility,\" Azizov added.\nFurthermore, he expected BTC to range between $80,000 and $90,000 by year-end.\nPhoto by Avi Rozen on Shutterstock\nRead Next:    \n\nThe BITCOIN Act Of 2024 ‘Is A Significant Proposal’ — Will It Redefine US Crypto Regulation?\n Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481994765"}