{"id":125812,"date":"2024-11-14T17:33:48","date_gmt":"2024-11-14T10:33:48","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=125812"},"modified":"2024-11-14T17:33:48","modified_gmt":"2024-11-14T10:33:48","slug":"bitcoin-flirts-with-100k-dogecoin-edges-higher-ethereum-dips-as-cpi-numbers-fuel-rate-cut-hopes-analyst-says-btc-could-see-over-180-upside-due-to-this-bullish-pattern-grayscale-bitcoin-mini-trus","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=125812","title":{"rendered":"Bitcoin Flirts With $100K, Dogecoin Edges Higher, Ethereum Dips As CPI Numbers Fuel Rate Cut Hopes: Analyst Says BTC Could See Over 180% Upside Due To This Bullish Pattern &#8211; Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"article-body\" itemprop=\"articleBody\" itemscope=\"\" itemtype=\"https:\/\/schema.org\/Article\">\n<div>\n<p><strong>Bitcoin <\/strong>continued to make records as supportive inflation numbers raised the market&#8217;s expectations of further interest rate cuts by the Federal Reserve.<\/p>\n<figure class=\"wp-block-table\">\n<table>\n<tbody>\n<tr>\n<td>Cryptocurrency<\/td>\n<td>Gains +\/-<\/td>\n<td>Price (Recorded at 7:30 p.m. ET)<\/td>\n<\/tr>\n<tr>\n<td><strong>Bitcoin <\/strong><span class=\"ticker\" data-ticker=\"BTC\/USD\" data-exchange=\"CRYPTO\" style=\"display: inline-block;\">BTC\/USD<\/span><\/td>\n<td>+1.79%<\/td>\n<td>$89,874.80<\/td>\n<\/tr>\n<tr>\n<td><strong>Ethereum<\/strong> <span class=\"ticker\" data-ticker=\"ETH\/USD\" data-exchange=\"CRYPTO\" style=\"display: inline-block;\">ETH\/USD<\/span><br \/><strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\n<td>-2.11%<\/td>\n<td>$3,190.24<\/td>\n<\/tr>\n<tr>\n<td><strong>Dogecoin<\/strong> <span class=\"ticker\" data-ticker=\"DOGE\/USD\" data-exchange=\"CRYPTO\" style=\"display: inline-block;\">DOGE\/USD<\/span><strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\n<td>+1.10%<\/td>\n<td>$0.3925<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p><strong>What Happened<\/strong>: The world&#8217;s largest cryptocurrency sailed above $93,000 during U.S. trading hours Wednesday, before a sharp correction into the $89,000 zone.<\/p>\n<p>Bitcoin&#8217;s dominance rose to 60%, reflecting that investors were far more confident in it than other cryptocurrencies.<\/p>\n<p><strong>Ethereum <\/strong>also rallied to an intraday high of $3,366, later cooling down to $3,190, as investors began cashing out.<\/p>\n<p>Nearly $850 million in derivatives contracts was erased in the last 24 hours, with leveraged longs accounting for 61% of the total.<\/p>\n<p>Bitcoin&#8217;s Open Interest (OI) rose 2.30% in the last 24 hours, signaling higher speculative interest.\u00a0<\/p>\n<p>Most top trader accounts on <strong>Binance <\/strong>were still positioned for Bitcoin&#8217;s decline, as seen from the Long\/Short Ratio indicator.<\/p>\n<p>The &#8220;Extreme Greed&#8221; sentiment strengthened as the reading on the Cryptocurrency Fear and Greed Index rose from 84 to 88.<\/p>\n<p><strong>Top Gainers (24-Hours)<\/strong><\/p>\n<figure class=\"wp-block-table\">\n<table>\n<tbody>\n<tr>\n<td><strong>Cryptocurrency<\/strong><\/td>\n<td><strong>Gains +\/-<\/strong><\/td>\n<td><strong>Price (Recorded at 7:30 p.m. ET)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Peanut the Squirrel <\/strong>(PNUT)<\/td>\n<td>+443.42%<\/td>\n<td>$2.32<\/td>\n<\/tr>\n<tr>\n<td><strong>Pepe <\/strong>(PEPE)<\/td>\n<td>+46.86%<\/td>\n<td>$0.00002171<\/td>\n<\/tr>\n<tr>\n<td><strong>Floki <\/strong>(FLOKI)<\/td>\n<td>+30.28%<\/td>\n<td>$0.0000024<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p>The global cryptocurrency market capitalization stood at $2.98 trillion, following an increase of 1.32% in the last 24 hours.<\/p>\n<p>Stocks ticked slightly higher on Wednesday. The <strong>Dow Jones Industrial Average <\/strong>rose 47.21 points, or 0.11%, to close at 43,958.19. The <strong>S&amp;P 500<\/strong> gained 0.02% to end at 5,985.38. The tech-heavy <strong>Nasdaq Composite <\/strong>registered the second straight day of decline, closing down 0.26% at 19,230.72.<\/p>\n<p>Consumer Price Index (CPI) rose from 2.4% in September to 2.6% in October, <a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/24\/11\/41938762\/october-inflation-rate-rises-to-2-6-as-expected-december-interest-rate-cut-remains-uncertain\">in line with economist predictions<\/a>. Investors raised the odds of a 25 basis-point cut at next month&#8217;s FOMC meeting to 82% from 58% a day before, <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\">data <\/a>from the CME FedWatch tool showed.\u00a0<\/p>\n<p><strong>See More:<\/strong><strong><em> <\/em><\/strong><a href=\"https:\/\/www.benzinga.com\/money\/best-crypto-scanners\"><strong>Best Cryptocurrency Scanners<\/strong><\/a><\/p>\n<p><strong>Analyst Notes: <\/strong>In a note to Benzinga, <strong>Chris Kline<\/strong>, COO and Co-Founder of <strong>BitcoinIRA<\/strong>, said that Bitcoin was likely to witness heightened volatility on the road to $100,000.<\/p>\n<p>&#8220;This is not an unexpected phenomenon, as the market often experiences corrections and fluctuations as it navigates uncharted territory,&#8221; Kline added.<\/p>\n<p>He also backed Bitcoin&#8217;s appeal as a wealth preservation asset, predicting that it would catch up given the higher chance of another interest rate cut next month.<\/p>\n<p>Influential cryptocurrency analyst <strong>Ali Martinez <\/strong>spotted a cup-and-handle pattern for Bitcoin, widely considered a bullish signal in technical analysis.<\/p>\n<p>Martinez set a price target of $255,000 for the leading cryptocurrency.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<p><strong>Read Next:\u00a0\u00a0\u00a0\u00a0<\/strong><\/p>\n<\/p><\/div>\n<p><a class=\"text-sm my-4\" href=\"https:\/\/www.benzinga.com\/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom\" rel=\"noreferrer noopener\" target=\"_blank\">Market News and Data brought to you by Benzinga APIs<\/a><\/p>\n<p class=\"copyright\">\u00a9 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.benzinga.com\/trading-ideas\/movers\/24\/11\/41960639\/bitcoin-flirts-with-100k-dogecoin-edges-higher-ethereum-dips-as-cpi-numbers-fuel-rate-cut-hopes-analyst-says-btc-could-see-over-180-upside-due-to-this-bullish-pattern\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin continued to make records as supportive inflation numbers raised the market&#8217;s expectations of further interest rate cuts by the Federal Reserve. Cryptocurrency Gains +\/- Price (Recorded at 7:30 p.m. &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=125812\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-125812","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/125812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125812"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/125812\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}