Bitcoin Recovers From $95K Dip, Ethereum, Dogecoin Fall Ahead Of Thanksgiving Holiday: BTC Is 'Crossing The Rubicon,' Says Expert

Benzinga11-25 09:52

Bitcoin recovered strongly from its morning fall as cryptocurrency investors prepared for Thanksgiving. CryptocurrencyGains +/-Price (Recorded at 7:45 p.m. ET)Bitcoin BTC/USD-0.05%$97,873.88Ethereum ...

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/2486240742?lang=en_US&edition=fundamental","thumbnail":"https://www.benzinga.com/files/images/story/2024/11/24/Cryptocurrency-Photo-by-Igor-Faun-on-Shu.jpeg","is_english":true,"pubTime":"2024-11-25 09:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2486240742","market":"us","top_or_hot":-1,"title":"Bitcoin Recovers From $95K Dip, Ethereum, Dogecoin Fall Ahead Of Thanksgiving Holiday:  BTC Is 'Crossing The Rubicon,' Says Expert","media":"Benzinga","content":"<div>\n<p>Bitcoin recovered strongly from its morning fall as cryptocurrency investors prepared for Thanksgiving.\nCryptocurrencyGains +/-Price (Recorded at 7:45 p.m. ET)Bitcoin BTC/USD-0.05%$97,873.88Ethereum ...</p>\n\n<a href=\"https://www.benzinga.com/24/11/42155866/bitcoin-recuperates-from-95k-dip-ethereum-dogecoin-slide-as-investors-prepare-for-thanksgiving-week-top-analyst-expects-btc-to-peak-around-this-time\">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 Recovers From $95K Dip, Ethereum, Dogecoin Fall Ahead Of Thanksgiving Holiday:  BTC Is 'Crossing The Rubicon,' Says Expert</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 Recovers From $95K Dip, Ethereum, Dogecoin Fall Ahead Of Thanksgiving Holiday:  BTC Is 'Crossing The Rubicon,' Says Expert\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-25 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/24/11/42155866/bitcoin-recuperates-from-95k-dip-ethereum-dogecoin-slide-as-investors-prepare-for-thanksgiving-week-top-analyst-expects-btc-to-peak-around-this-time><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin recovered strongly from its morning fall as cryptocurrency investors prepared for Thanksgiving.\nCryptocurrencyGains +/-Price (Recorded at 7:45 p.m. ET)Bitcoin BTC/USD-0.05%$97,873.88Ethereum ...</p>\n\n<a href=\"https://www.benzinga.com/24/11/42155866/bitcoin-recuperates-from-95k-dip-ethereum-dogecoin-slide-as-investors-prepare-for-thanksgiving-week-top-analyst-expects-btc-to-peak-around-this-time\">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":"MANA","symbol_name":"Grayscale Decentraland Trust (MANA)","start_time":0,"source_url":"https://www.benzinga.com/24/11/42155866/bitcoin-recuperates-from-95k-dip-ethereum-dogecoin-slide-as-investors-prepare-for-thanksgiving-week-top-analyst-expects-btc-to-peak-around-this-time","article_id":"2486240742","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2024/11/24/Cryptocurrency-Photo-by-Igor-Faun-on-Shu.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486240742","pubTimestamp":1732499521,"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Bitcoin recovered strongly from its morning fall as cryptocurrency investors prepared for Thanksgiving.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MANA":"Grayscale Decentraland Trust (MANA)","QETH":"Invesco Galaxy Ethereum ETF","BK4588":"碎股","SAND":"沙尘暴黄金","FETH":"Fidelity Ethereum Fund","BK4585":"ETF&股票定投概念","BK4126":"金属与玻璃容器","ETHV":"Vaneck Ethereum ETF","EZET":"Franklin Ethereum Etf","OI":"欧文斯伊利诺玻璃","BTC":"Grayscale Bitcoin Mini Trust","BK4601":"加密货币现货ETF","BK4017":"黄金","CETH":"21Shares Core Ethereum ETF","BK4594":"比特币ETF概念"},"translate_title":"比特币从感恩节假期前9.5万美元、以太币、狗狗币下跌中恢复过来：专家称BTC正在“破釜沉舟”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SAND":1,"QETH":1,"OI":1,"MANA":1,"FETH":1,"EZET":1,"ETHV":1,"CETH":1,"BTC":1},"content_text":"Bitcoin recovered strongly from its morning fall as cryptocurrency investors prepared for Thanksgiving.\nCryptocurrencyGains +/-Price (Recorded at 7:45 p.m. ET)Bitcoin BTC/USD-0.05%$97,873.88Ethereum ETH/USD               -1.93%$3,349.58Dogecoin DOGE/USD          -3.03%$0.4231\nWhat Happened: The leading cryptocurrency fell below $96,000 during the afternoon, only to recover losses as the evening progressed.\nOn Friday, the asset nearly reached the record $100,000 level before stalling due to a strong pushback from the bears.\nEthereum, the second-largest cryptocurrency by market capitalization, failed to replicate its senior token’s comeback, ending the 24-hour period down by nearly 2%.\nThe sharp correction caused mayhem in the cryptocurrency derivatives market, with over $511 million getting liquidated in the last 24 hours. About $380 million in leveraged long bets were wiped out.\nBitcoin's Open Interest (OI) dropped marginally by 0.20%, while the number of short positions for the coin surged dramatically against longs in the last 24 hours.\nMarket sentiment remained in the \"Extreme Greed\" zone, as per the Cryptocurrency Fear and Greed Index, signaling a desire to buy more.\nTop Gainers (24-Hours)\nCryptocurrencyGains +/-Price (Recorded at 7:45 p.m. ET)The Sandbox (SAND)+73.46%$0.7739Decentraland (MANA)+31.24%$0.7014Tezos (XTZ)+15.88%$1.35\nThe global cryptocurrency market capitalization stood at $3.33 trillion, following a marginal contraction of 0.69% in the last 24 hours.\nStock futures inched higher Sunday night. The Dow Jones Industrial Average Futures rose 226 points, or 0.51%, as of 7:45 p.m. EDT.  Futures tied to the S&P 500 gained 0.42%, while Nasdaq 100 Futures added 0.49%.\nThe shortened Thanksgiving trading week would see the release of October's personal consumption expenditure (PCE) data, the Federal Reserve's preferred inflation measure.\n.See More: Best Cryptocurrency Scanners\nAnalyst Notes: In a note to Benzinga, Chris Kline, COO and Co-Founder of BitcoinIRA, noted a significant interest in Bitcoin.\n\"Bitcoin appears to be crossing the Rubicon, garnering enthusiasm among those discussing economic policy at the national level, both in the US and across the globe,\" Kline said.\nHe also highlighted the elevation of Bitcoin proponents to cabinet-level positions in the incoming Donald Trump administration, potentially making \"murky regulatory waters\" clear.\nWidely-followed cryptocurrency analyst Ali Martinez predicted Bitcoin to peak between June and September 2025 in the ongoing bull cycle.\n\"Long-term Bitcoin holders are showing signs of growing greed! Historically, this behavior suggests it could take 8–11 months for BTC to hit a market top,” Martinez stated.\n\nLong-term #Bitcoin holders are showing signs of growing greed! Historically, this behavior suggests it could take 8-11 months for $BTC to hit a market top. If the trend holds, we might see a potential peak between June and September 2025! pic.twitter.com/UacfaQb5VW— Ali (@ali_charts) November 24, 2024\n\nPhoto by Igor Faun on Shutterstock\nRead Next:    \n\nCrypto Analyst: Bitcoin Poised To Skyrocket To $180K and ‘Eventually’ Top $1M\n 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":"4.29.3","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/2486240742"}