Cryptocurrency markets are closing the week strong, with Bitcoin pushing above $90,000 at the end of the U.S. trading session.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $90,792 | +1.5% |
| Ethereum (CRYPTO: ETH) | $3,061 | -2.3% |
| Solana (CRYPTO: SOL) | $213.8 | -0.5% |
| Dogecoin (CRYPTO: DOGE) | $0.3719 | -5.1% |
| Shiba Inu (CRYPTO: SHIB) | $0.00002439 | -2.7% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume falling by 14% and daily active addresses dropping by 3%.
- Coinglass data reports $453 million in liquidations, $288 million of which were liquidated long positions.
Notable Developments:
- Bitcoin, Dogecoin Success Driven By 'Narrative And Momentum,' Report Argues
- Solana, Ripple, Litecoin ETFs May Be On The Table Under Trump Administration, Industry Experts Say
- XRP Soars 58% On The Week: What Is Going On?
- Matt Gaetz To Be Confirmed As Attorney General In A Trump Administration? Not So Fast, Polymarket Traders Say
- Viral Baby Hippo MOODENG Makes New All-Time High, Could Follow Shiba Inu's Run, Trader Predicts
Top Gainers:
| Cryptocurrency | Price | Gains +/- |
| Flare (CRYPTO: FLR) | $0.0207 | 46.5% |
| Algorand (CRYPTO: ALGO) | $0.1805 | 20.5% |
| Cardano (CRYPTO: ADA) | $0.6784 | 20.2% |
Trader Notes: Veteran analyst Benjamin Cowen expects Bitcoin dominance to increase for the remainder of the year. He expects a reversal only in 2025.
With #ALT / #BTC pairs still about 27% off their lows, #DXY climbing, yields going up, and QT continuing, #BTC dominance will likely go higher into EOY.
— Benjamin Cowen (@intocryptoverse) November 15, 2024
I do think #BTC dominance will go down in 2025, but that is 1.5 months away, and a lot can happen between now and then. pic.twitter.com/9xosZy9y9N
A poll by trader TheFlowHorse shows his audience divided over whether Bitcoin will trade above $89,500 on the weekend, with a slight 54% majority saying yes.
Technical analyst Pierre outlined the likely paths for Bitcoin in the short term: either a flip of the resistance level around $90,000, which could lead to new highs, or a visit to the bottom of the range around $85,000. In between the two prices, he expects sideways trading action.
What's Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
Image: Shutterstock
