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Bitcoin Breaks $70K, Ethereum and Dogecoin Rise Amid Stock Rally Ahead Of 'Mag 7' Earnings: Analyst Says Current Spike Driven By 'Binance Whales' – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

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Bitcoin Breaks K, Ethereum and Dogecoin Rise Amid Stock Rally Ahead Of 'Mag 7' Earnings: Analyst Says Current Spike Driven By 'Binance Whales' – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

Leading cryptocurrencies surged Monday, with Bitcoin breaking through $70,000 after an almost five-month hiatus.

Cryptocurrency Gains +/- Price (Recorded at 8:30 p.m. EDT)
Bitcoin BTC/USD +2.66% $69,676.63
Ethereum ETH/USD
               
+1.26% $2,535.14
Dogecoin DOGE/USD           +14.54% $0.1641

What Happened: The world’s largest cryptocurrency breached the elusive level late evening, building on the positive momentum from the weekend. In intraday trading, BTC hit a high of $70,212.27, according to data from CoinMarketCap. It is pertinent to mention that the apex coin is currently trading almost 5.3% below its all-time high of $73,750.07 which it touched eight months ago on March 14, 2024.

Ethereum also sailed to $2,585 after shifting sideways for the early part of the day.

The latest surge boosted Bitcoin’s monthly gains to more than 10%, raising expectations from a month that has previously witnessed 21% gains on average.

The rally erased over $100 million in downside bets in the last 24 hours, with total liquidations exceeding $172 million.

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Bitcoin’s Open Interest blasted 7.03% in the last 24 hours, implying heightened speculative interest.

The number of traders longing the leading cryptocurrency beat those betting against it by a factor of 1.07, as per the Longs/Shorts Ratio.

Market sentiment remained in the “Greed” zone, according to the Cryptocurrency Fear & Greed Index.

Top Gainers (24-Hours)

Cryptocurrency Gains +/- Price (Recorded at 8:30 p.m. EDT)
Dogecoin (DOGE) +14.48% $0.1641
THORChain (RUNE) +12.30% $5.98
Bitcoin SV (BSV) +8.68% $50.18

The global cryptocurrency market cap stood at $2.35 trillion, following an increase of 1.98% in the last 24 hours.

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Like cryptocurrencies, stocks started the fresh trading week on a high. The Dow Jones Industrial Average popped 273.17 points, or 0.65%, to close at 42,387.57. The broad-based index S&P 500 added 0.27% to end at 5,823.52, while the tech-focused Nasdaq Composite gained 0.26% to finish at record highs of 18,567.19.

Investors were looking forward to a busy week of third-quarter earnings as five out of the “Magnificent 7” were set to report their numbers later this week.

See More: Best Cryptocurrency Scanners

Analyst Notes: Popular cryptocurrency analyst Rekt Capital noted Bitcoin’s breakout from the months-long bull flag.

“The only condition for the breakout to be fully confirmed is for the price to remain above $69000 for the rest of the week,” said the analyst.

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On-chain analytics firm CryptoQuant attributed Bitcoin’s ongoing pump to heightened activity on cryptocurrency exchange Binance.

Analysis showed that Coinbase Premium, an indicator of U.S. institutional buying power, decreased alongside Bitcoin’s price rise. 

“This phenomenon is clearly driven by Binance whales involvement,” CryptoQuant added.

Image via Shutterstock

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Cryptocurrency Prices Today Nov 23: BTC at $98K, HBAR Surges 25% and XLM rises 55%

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Cryptocurrency Prices Today Nov 23: BTC at K, HBAR Surges 25% and XLM rises 55%

Cryptocurrency Prices Today, November 23: The broader market movement on Saturday sparked bullish momentum globally. Bitcoin remains steady at $98K, while major altcoins like ADA, XRP, and AVAX surged between 14% and 25%. Notably, Hedera (HBAR) and Stellar (XLM) emerged as top performers, registering jumps of 25% to 55% in the last 24 hours.

Simultaneously, the global crypto market cap witnessed a 1.5% increase in the past 24 hours, currently at $3.33 trillion. However, the total market volume declined by 12% from yesterday and is now at $219 billion. Let’s dive into a brief report on the top cryptocurrencies by market cap and their price movements on November 23.

Cryptocurrency Prices Today: BTC Holds Steady, ETH & SOL Unchanged, XRP Soars 15%

Bitcoin (BTC) remains stable at $98K, holding its position for the past 24 hours. Similarly, Ethereum (ETH) and Solana (SOL) have shown no significant movement during this period. However, XRP has surged by 14%, leading the gainers. Among the top meme coins, Dogecoin and Shiba Inu have also witnessed a 9% increase in the last 24 hours, reflecting positive momentum in the cryptocurrency prices today.

Bitcoin Price Today

BTC price chart appears steady, currently trading at $98,550. Its intraday low and high are $97,222 and $99,655, respectively. Bitcoin’s market cap is $1.95 trillion, with a 24-hour trading volume of $76 billion.

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According to Sosovalue data, 22.85 million BTC flowed out of 12 BTC ETFs. However, BlackRock’s IBIT data is still awaited. With a dominance of 58.59%, Bitcoin remains the largest cryptocurrency by market cap.

Ethereum Price Today

Ethereum (ETH) remains unchanged, currently trading at $3,333. Its 24-hour low and high are $3,262 and $3,428, respectively, showing minimal price movement. ETH has gained 7% over the past week, indicating positive short-term performance. With a market cap of $400 billion, ETH remains strong in the market.

The 24-hour trading volume for Ethereum is $38 billion, and it commands a market dominance of 12%. ETH ETFs saw an outflow of 8.47 million, and BlackRock’s IBIT data is yet to be released, which may further influence the market.

Solana Price Today

Solana (SOL) is down by 2% in the last 24 hours, currently trading at $255. Its 24-hour low and high are $252 and $263, respectively, showing slight fluctuations. Over the past week, SOL has risen by 17.5%, reflecting strong growth. With a market cap of $121 billion and a 24-hour trading volume of $7 billion, Solana remains the fourth-largest cryptocurrency globally.

XRP Price Today

XRP price has jumped by 15% in the last 24 hours, currently trading at $1.566. Its 24-hour low and high are $1.367 and $1.621, respectively, showing strong volatility. XRP has surged by 75% in the past week and 200% in the last 30 days, reflecting impressive growth. With a market cap of $89 billion and a trading volume of $20 billion, XRP is now the sixth-largest cryptocurrency by market cap.

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Meme Coins Performance Today

Dogecoin (DOGE) has increased by 9% and is currently trading at $0.42. Its 24-hour low and high are $0.3858 and $0.4296, respectively, showing solid market movement.

Similarly, Shiba Inu (SHIB) is also up by 9%, trading at $0.00002698. Its 24-hour low and high are $0.00002437 and $0.00002749, respectively, reflecting positive momentum.

On the other hand, other meme coins like PEPE, BONK, and WIF have experienced declines of 2% to 8% in the past 24 hours. These drops indicate some volatility in the meme coin sector.

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Top Cryptocurrency Gainer Prices Today

Stellar

Stellar (XLM) price is currently trading at $0.44, marking an impressive 55% increase in the last 24 hours. Its 24-hour low and high are $0.2766 and $0.4624, respectively, reflecting significant volatility and strong market momentum.

Hedera

Hedera (HBAR) is currently trading at $0.1542, up by 25% in the last 24 hours. Its 24-hour low and high are $0.1275 and $0.1681, respectively, showing strong price fluctuations and growth.

Cardano

Cardano (ADA) price is up by 24% and is currently trading at $1.09. Its 24-hour low and high are $0.85 and $1.137, respectively, reflecting significant movement, and it is the ninth-largest cryptocurrency by market cap.

Top Cryptocurrency Loser Prices Today

Peanut the Squirrel

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Peanut the Squirrel (PNUT) is down by 13% in the last 24 hours and is currently trading at $1.11. Its 24-hour low and high are $1.04 and $1.31, respectively, indicating a decline in its price.

Popcat (SOL)

Popcat (POPCAT) is down by 9% and is currently trading at $1.43. Its 24-hour low and high are $1.415 and $1.612, respectively, showing a decline in price over the past day.

Raydium

Raydium (RAY) is down by 8% in the last 24 hours and is currently trading at $5.98. Its 24-hour low and high are $5.913 and $6.432, respectively, indicating a decrease in price during this period.

Besides, the hourly time frame chart continues to spark bullish momentum for cryptocurrency prices today. BTC is up by 0.4%, ETH is up by 0.5%, and Dogecoin has risen by 4%, sparking discussions among traders and investors about future price movements.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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Bitcoin 'On Brink Of Breaking $100,000,' Dogecoin Up, Ethereum Down: Crypto Community Holds Its Breath As BTC Guns For Milestone

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Bitcoin 'On Brink Of Breaking 0,000,' Dogecoin Up, Ethereum Down: Crypto Community Holds Its Breath As BTC Guns For Milestone

Cryptocurrency markets are trading higher, with Bitcoin hovering around $100,000 and Jim Cramer suggesting it is “a winner.”

Cryptocurrency Price    Gains +/-
Bitcoin BTC/USD  $99,254.71 +0.88%
Ethereum ETH/USD  $3,281.28 -2.1%
Solana SOL/USD  $253.09 -0.8%
Dogecoin DOGE/USD  $0.3987 +3.7%
Shiba Inu SHIB/USD  $0.00002463 +0.3%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume increasing by 47.5% and daily active addresses growing by 27.2%. Transactions greater than $100,000 are up from 13,321 to 18,859 in a single day. Exchanges netflows are down by 4.5%.
  • Coinglass data reports 113,608 traders were liquidated in the past 24 hours for $340.73 million. Open interest continues to stand at peak levels, $64 billion.
  • Polymarket data shows there is a 60% chance of Bitcoin touching $100,000 today and an 89% probability of it happening this month.

Notable Developments:

Top Gainers:

Cryptocurrency Price    Gains +/-
Stellar XLM/USD $0.3194 +28.2%
XRP XRP/USD $1.42 +20.6%
Cardano ADA/USD $0.9647 +19.9%

Trader Notes: Bitcoin nearing $100,000 sparked mixed sentiments among traders.

Altcoin Sherpa quipped “See you guys at $60,000” when Bitcoin failed to break through the psychological barrier.

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Crypto trader Seth highlights a “thick and sticky sell wall” as the obstacle.

Dogecoin founder Billy Markus stated, “maybe bitcoin will become a $99,000 stablecoin.”

Quinten Francois remains optimistic, stating the Bitcoin bull market has “just started.”

Daan Crypto Trades explained that traders are preemptively shifting from altcoins to Bitcoin as it edges closer to the $100,000 milestone.

He predicts a breakout, followed by consolidation could lead to altcoin rebounds. Until then, Bitcoin is expected to continue absorbing liquidity.

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Dogecoin Up 3%, Shiba Inu Up 4%: What Is Going On?

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Dogecoin Up 3%, Shiba Inu Up 4%: What Is Going On?

Dogecoin DOGE/USD and Shiba Inu SHIB/USD are trading around 3% higher in a single day boosted by the optimism in the cryptocurrency market.

Cryptocurrency Price              Market Cap 24-Hour Trend 7-Day Trend
Dogecoin  $0.3923 $57.6 Billion  +2.8%  +5.3%
Shiba Inu  $0.00002496 $14.7 Billion  +4.2%  +3.1%

Trader Notes: Analysts see bullish potential for the top two meme coins.

Crypto chart analyst Ali Martinez predicts a potential rally for Shiba Inu, suggesting SHIB could hit $0.00049 if it mirrors DOGE’s pattern.

Trader Javon Marks highlights SHIB’s daily chart with a possible bull pattern confirmation. A breakout target of $0.000081—216% above current levels—could see SHIB surge more than 200%.

For Dogecoin, Altcoin Sherpa notes the recent correction as not bearish, seeing opportunities for buyers with another leg up expected soon.

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Crypto Amsterdam observes DOGE hovering in a mid-range phase, suggesting $1 could be on the horizon.

Meanwhile, trader Kevin forecasts a DOGE breakout by Saturday.

Statistics:  IntoTheBlock Data shows:

  • Large transaction volume increasing for DOGE (+41.1%) and SHIB (+44.9%).
  • Daily active addresses rising by 34.9% for DOGE and 10.7% for SHIB.
  • SHIB transactions above $100,000 up from 332 to 399 in one day.

Shibarium Activity: Daily transactions climbed from 4.66 million on Nov. 20 to 4.75 million on Nov. 21.

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