Bitcoin, Ethereum, and Dogecoin saw a remarkable surge recently, with Bitcoin hitting the significant $30,000 mark. Data from CoinGlass revealed over $65 million worth of shorts were liquidated in the past day alone, contributing to a total of $98 million in liquidations.
The crypto market cap stands at $1.11 trillion, indicating a 3.29% increase over the past 24 hours. Notably, altcoins like Aave, Chainlink, and Quant experienced substantial gains, further highlighting the market’s bullish sentiment.
On the stock market front, futures tied to major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 have shown a slight uptick after a challenging week, largely influenced by concerns about rising interest rates.
Crypto analyst Michael Van de Poppe pointed out that Bitcoin is currently facing resistance levels around $30,000 to $30,300, suggesting a potential breakout leading to a new yearly high. Meanwhile, Santiment, an on-chain analytics platform, observed that the recent surge in Bitcoin was accompanied by significant gains in various altcoins like LINK, MATIC, UIP, APT, and AAVE.
While market activities are gaining momentum, it’s crucial to stay updated on significant events in the crypto space. Join Benzinga’s Fintech Deal Day & Awards on November 13 and the Future of Digital Assets on November 14 in New York City to remain informed about trends in AI, regulatory developments, SEC actions, and institutional adoption in the crypto sphere.
