Bitcoin, Ethereum, Dogecoin Prepping For An Early Thanksgiving: 'BTC Is Currently (Less Than) One ETH Away From $100,000,' Says Trader

Benzinga11-22 06:04

Cryptocurrency markets are trading higher, with Bitcoin approaching $100,000, Solana ETF talks picking up steam and XRP gaining on Gary Gensler announcing his resignation on Donald Trump‘s ...

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Transactions greater than $100,000 are up from 11,911 to 13,321 in a single day. Exchanges netflows are down by 89%.\nCoinglass data reports 139,421 traders were liquidated in the past 24 hours for $469.70 million.\n\nNotable Developments:\n\nBitcoin Boom 2.0? MicroStrategy Gains Traction As A ‘Leveraged Bet’ On Crypto Growth\nCoinbase CEO Brian Armstrong ‘Stands Out’ As Candidate For Donald Trump’s Reported ‘Crypto Czar’ Position, Cardano Co-Founder Says\nGary Gensler To Step Down As SEC Chair On Trump’s Inauguration Day\nChinese Judge Cites ‘High-Pressure Crackdown’ On Speculation In Judgment Declaring Crypto Ownership Legal As Bitcoin Moves Past $97K\nRumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally\nCore Fusion Upgrade Introduces Dual Staking And Liquid Bitcoin Staking\n\nTop Gainers:\nCryptocurrencyPrice    Gains +/-Optimism OP/USD $2.10+26.3%Arbitrum ARB/USD $0.79+26.2%Starknet STRK/USD $0.5031+18.6%\nTrader Notes: With Bitcoin prices chasing the all-time high levels, crypto trader Kaleo tweeted \"Bitcoin is currently one Ethereum away from $100,000.\"\nBenjamin Cowen explained Bitcoin is tracking the average returns of prior halving years and if this trend continues Bitcoin could reach $120,000.\n\n#BTC is currently tracking the average returns of prior halving years.If the trend continues it would put #BTC around $120k pic.twitter.com/FFGKs9a0Jc— Benjamin Cowen (@intocryptoverse) November 21, 2024\n\nCrypto trader Kevin explained that despite BTC nearing $100,000, there is minimal hype compared to the 2020-2021 bull run. \nHe highlights a lack of live streams, sensational thumbnails, and low engagement across platforms, along with muted sentiment on Google Trends.\nHe believes investors' focus on altcoins and frustration with lack of movement could be one factor while market not reaching euphoric stage could signal still far away from cycle's peak.\nRead Next: \n\nMichael Saylor Predicted Bitcoin To Hit $13 Million — If It Happens, It Will Entail ‘Massive Hyperinflation,’ Analyst Warns\n\nImage: Shutterstock Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":null,"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":"4.29.2","shortVersion":"4.29.2","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/2485421958"}