Bitcoin, Ethereum, Dogecoin Enter Weekend With Big Gains: ‘Sunday Report Will Make You All Happy,’ Says Trader

Cryptocurrency markets are soaring, with open interest spiking and cryptocurrency markets unaffected by the Global IT Outage.

Noteworthy statistics:

• Data from IntoTheBlock shows that transaction volume is down 37.6% and daily active addresses are up 3.9%. Currently, 93% of Bitcoin holders are making a profit while 7% are breaking even.
• Coinglass data shows that 42,899 traders were liquidated in the last 24 hours for $146.5 million. Bitcoin’s open interest is at its highest ($33.89 billion) since June 23.

Noteworthy developments:

Biggest Losers:

Dealer Notes: Cryptocurrency analyst IamCryptoWolf predicts a realistic target for Bitcoin in this cycle.

Prominent venture capitalist in the cryptocurrency sector Chris Burnske, our friend pointed to factors like ETH ETFs, Trump speaking at Bitcoin conference to predict that Bitcoin, Ethereum and Solana will go up a lot next week.

Doctor’s Profit remembered trader that a purchase at the exact low for Bitcoin in the current cycle would have resulted in 25% profits. He concluded, “Sunday’s report will make you all happy…”

Futures trader Satoshi’s Pinball Machine tweeted“Trump’s Bitcoin Rush” has just begun and everything Trump “will put to the test over the next 5 months and I still think his election victory marks the peak of the bull cycle.”

Cryptocurrency trader Altcoin Sherpas in a bullish tweet he said,

CripNeuvo highlighted how Bitcoin is pumping after a global IT outage like it did during the banking crisis. “Banks are closed today but BTC is open.”

What’s next: The influence of Bitcoin as an Institutional Asset Class It is expected to be explored in depth at the next Benzinga The Future of Digital Assets event of November 19th.

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