Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»Bitcoin, Ethereum Muted, Dogecoin Rallies As Market Maintains ‘Greed’ Sentiment: Analyst Predicts New Peak For King Crypto As US Elections And Potential Fed Rate Cut Looms – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)
    Cryptocurrency

    Bitcoin, Ethereum Muted, Dogecoin Rallies As Market Maintains ‘Greed’ Sentiment: Analyst Predicts New Peak For King Crypto As US Elections And Potential Fed Rate Cut Looms – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

    October 18, 20243 Mins Read


    Bitcoin and Ethereum continued trading flat even as equities notched fresh record highs. However, Dogecoin moved higher on Thursday.

    Cryptocurrency Gains +/- Price (Recorded at 9:30 p.m. EDT)
    Bitcoin BTC/USD +0.29% $67,713.61
    Ethereum ETH/USD
                   
    -0.46% $2,606.32
    Dogecoin DOGE/USD           +8.86% $0.1353

    What Happened: Bitcoin wiggled in a narrow range of $66,800-$67,400 for much of the day before kissing $68,000 overnight. The world’s largest cryptocurrency was up over 12% in the last week.

    Dogecoin spiked over 8% in the last 24 hours, extending a bullish trajectory that has seen the world’s biggest meme coin gain around 26% over the week. Notably, on Thursday, Tesla and SpaceX CEO Elon Musk referenced the Department of Government Efficiency (DOGE) during a town hall in Pennsylvania, where he expressed support for the GOP presidential candidate Donald Trump

    Cryptocurrency liquidations exceeded $168 million in the last 24 hours, with over $121 million in upside bets getting wiped out.

    Bitcoin’s Open Interest rose by just 0.53% in the last 24 hours. Additionally, more number of institutional investors and top trader accounts on Binance were shorting Bitcoin than those taking long positions on the asset.

    Market sentiment continued to be one of “Greed,” according to the Cryptocurrency Fear & Greed Index.

    Top Gainers (24-Hours)

    Cryptocurrency Gains +/- Price (Recorded at 9:30 p.m. EDT)
    Popcat (POPCAT) +10.63% $1.35
    Dogecoin (DOGE) +8.86% $0.1358
    Litecoin (LTC) +4.29% $73.50

    The global cryptocurrency stood at $2.32 trillion, following a marginal decrease of 0.05% in the last 24 hours.

    Stocks inched higher on Thursday. The Dow Jones Industrial Average rose 161.35 points, or 0.37%, to close at a new record high of 43,239.05. The tech-heavy Nasdaq Composite closed just above the flatline to hit 18,373.61, while the S&P 500 closed down 0.02% to 5,841.47.

    AI juggernaut Nvidia Corp. NVDA ended the day 0.89% higher, likely contributing to tech gains. Nvidia’s rise, in turn, was due to Taiwan Semiconductor Manufacturing Co.’s TSM  stronger-than-expected third-quarter revenue.

    Additionally, retail sales in September bettered estimates, boosting confidence in the state of the economy.

    See More: Best Cryptocurrency Scanners

    Analyst Notes: Widely followed cryptocurrency analyst Michaël van de Poppe doubled down on his previous bullish estimates for King Crypto, citing U.S. elections and a potential rate cut by the Federal Reserve.

    “Just a few weeks shy of the elections and a potential renewed rate cut from the [Federal Reserve]. The ATH for Bitcoin is close,” the analyst projected.

    His predictions were echoed by another analyst, Aaron Crypto, who stated that $70,000-$71,000 could be the final resistance level for Bitcoin.

    $BTC Wyckoff Accumulation Update 🚨 
     
    Up $3,500 since my last tweet 🚀
     
    ◾ $70,000-$71,000 still seems like the final resistance level.
     
    IMO, a move towards $71,000 followed by a quick dump and then break the previous ATH is a highly likely scenario. 
     
    A new ATH is coming… pic.twitter.com/GXOg6tXeNt

    — Aaron Crypto (@AaronRijfers) October 17, 2024

    “IMO, a move towards $71,000 followed by a quick dump and then break the previous ATH is a highly likely scenario. A new ATH is coming soon,” the analyst added.

    Photo by Avi Rozen on Shutterstock

    Read Next:    

    Market News and Data brought to you by Benzinga APIs

    © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    FinMin raises alarm over unregulated digital deals

    Cryptocurrency

    MEDIROM launches cryptocurrency strategy with next-generation proof of human technology, World

    Cryptocurrency

    Ethereum Shatters Records, Surges 250% From April Lows, Why Is Cryptocurrency Rising? | Cryptocurrency News

    Cryptocurrency

    How the digital euro could change the way people pay

    Cryptocurrency

    AshToken: Empowering Nigerian businesses with cryptocurrency solutions

    Cryptocurrency

    Top Blockchain Applications and Use Cases

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Fintech

    Collectionneurs© ouvre l’investissement automobile d’exception au grand public depuis l’Ain

    Cryptocurrency

    Leveraging the potential of cryptocurrencies and blockchain: Business ideas to try in 2024

    Cryptocurrency

    ECB’s Anti-Bitcoin Propaganda Debunked In Academic Rebuttal

    Editors Picks

    Antilles Gold lève jusqu’à 1 million de dollars de fonds de roulement

    May 30, 2025

    Le magazine « Le Marché » célèbre un an de succès sous le signe de la finance verte

    May 5, 2025

    Hindustan Copper Limited annonce des changements de directeur général

    March 21, 2025

    Former Wheeling Officials Investing in Future by Preserving the Past | News, Sports, Jobs

    July 20, 2024
    What's Hot

    Soaring gold prices test mettle of luxury watch brands

    May 8, 2025

    Republicans Unveil Comprehensive Energy Package to Ensure Affordable and Reliable Energy for New Yorkers

    August 24, 2024

    Peace deal hopes and tariff risks drive commodities | articles

    February 27, 2025
    Our Picks

    Oil plunges 4%, slips below $75/bbl as Iran supply disruption concerns ease

    October 15, 2024

    Sting Energy®, une boisson énergétique de PepsiCo, entre en piste avec Formula 1®

    May 27, 2025

    3 High-Yielding Dividend Growth Stocks to Buy and Hold for Years

    February 4, 2025
    Weekly Top

    How technology in the FCS might affect a team’s preparation and in-game adjustments

    August 23, 2025

    FinMin raises alarm over unregulated digital deals

    August 23, 2025

    Criminals funnelling dirty money into UK pushing up London property prices

    August 23, 2025
    Editor's Pick

    Levi & Korsinsky Notifies Shareholders of Iris Energy

    October 14, 2024

    Hackers Use Fake Web3 Job Interviews To Steal Cryptocurrency From Job Seekers

    February 28, 2025

    Gold rises after Bessent urges US central bank to slash interest rates

    August 13, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.