{"id":127684,"date":"2024-11-19T15:38:49","date_gmt":"2024-11-19T08:38:49","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=127684"},"modified":"2024-11-19T15:38:49","modified_gmt":"2024-11-19T08:38:49","slug":"bitcoin-ethereum-dogecoin-rise-amid-tesla-fueled-tech-stocks-rally-popular-analyst-says-btc-could-reach-138k-before-major-pullback-grayscale-bitcoin-mini-trust-btc-common-units-of-fractional","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=127684","title":{"rendered":"Bitcoin, Ethereum, Dogecoin Rise Amid Tesla-Fueled Tech Stocks Rally: Popular Analyst Says BTC Could Reach $138K Before &#8216;Major Pullback&#8217; &#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>Leading cryptocurrencies inched higher Monday, coinciding with a surge in tech stocks.<\/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 8:30 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>+0.60%<\/td>\n<td>$91,007.28<\/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>+1.49%<\/td>\n<td>$3,158.99<\/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>+2.23%<\/td>\n<td>$0.3725<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p><strong>What Happened<\/strong>: <strong>Bitcoin <\/strong>exhibited choppy movement, oscillating between $92,000 and $89,000. The leading cryptocurrency has lost momentum since smashing past $93,000 last week.\u00a0<\/p>\n<p><strong>Ethereum <\/strong>moved slightly northward, reaching an intraday high of $3,225 before rapidly retreating to $3,150.<\/p>\n<p>In the past 24 hours, 114,745 traders were liquidated, with the total liquidations at $329.61 million. Over $200 million in upside bets was wiped out.\u00a0<\/p>\n<p>The Open Interest (OI) in Bitcoin futures rose 2% in the last 24 hours, suggesting sustained speculative interest.<\/p>\n<p>The number of traders holding Bitcoin long positions climbed considerably over the previous 24 hours, signaling expectations that the rally will resume.<\/p>\n<p>The &#8220;Extreme Greed&#8221; sentiment increased to 90, as per the Cryptocurrency Fear and Greed Index.<\/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 8:30 p.m. ET)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Hedera <\/strong>(HBR)<\/td>\n<td>+40.64%<\/td>\n<td>$0.1395<\/td>\n<\/tr>\n<tr>\n<td><strong>Tezos <\/strong>(XTZ)<\/td>\n<td>+40.27%<\/td>\n<td>$1.13<\/td>\n<\/tr>\n<tr>\n<td><strong>Akash Network <\/strong>(AKT)<\/td>\n<td>+38.64%<\/td>\n<td>$4.55<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p>The global cryptocurrency market capitalization stood at $3.08 trillion, rising 1.84% in the last 24 hours.<\/p>\n<p>The <strong>Nasdaq Composite<\/strong>, the barometer of tech stocks, popped 111.68 points, or 0.60%, to end at 18,791.81. The <strong>S&amp;P 500 <\/strong>gained 0.39% to close at 5,893.62, while the <strong>Dow Jones Industrial Average <\/strong>closed 0.13% lower at 43,389.60.<\/p>\n<p>The tech rally was driven by a 5.62% jump in shares of EV juggernaut <strong>Tesla Inc.<\/strong> <span class=\"ticker\" data-ticker=\"TSLA\" data-exchange=\"NASDAQ\" style=\"display: inline-block;\">TSLA<\/span> on reports suggesting that the upcoming regulatory framework under Trump <a href=\"https:\/\/www.benzinga.com\/markets\/equities\/24\/11\/42028797\/tesla-soars-over-5-in-overnight-trading-as-trump-administration-reportedly-seeks-to-ease-fsd-norms\">might ease mandates<\/a> for self-driving vehicles.<\/p>\n<p>Additionally, investors were geared up for AI behemoth <strong>Nvidia Corp.\u2019s<\/strong> <span class=\"ticker\" data-ticker=\"NVDA\" data-exchange=\"NASDAQ\" style=\"display: inline-block;\">NVDA<\/span> <a href=\"https:\/\/www.benzinga.com\/analyst-ratings\/analyst-color\/24\/11\/42048963\/why-nvidia-earnings-may-trigger-massive-sp-500-volatility\">earnings report<\/a> on Wednesday.<\/p>\n<p><strong>See More:<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>Popular cryptocurrency analyst <strong>Ali Martinez <\/strong>used historical trajectories to project Bitcoin&#8217;s next moves before a significant correction.\u00a0<\/p>\n<p>&#8220;During the 2017 bull market, Bitcoin surged 156% past its previous all-time high before the first major correction of -39%. In 2020, BTC rose 121% before a -32% correction,&#8221; Martinez stated.\u00a0<\/p>\n<p>Should history repeat, Bitcoin could reach $138,000 before its &#8220;first major pullback,&#8221; the analyst added.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">During the 2017 bull market, <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> surged 156% past its previous all-time high before the first major correction of -39%. In 2020, <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> rose 121% before a -32% correction.<\/p>\n<p>If history repeats, <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> could reach at least $138,000 before experiencing the first major pullback. <a href=\"https:\/\/t.co\/eM3kLt6DA9\">pic.twitter.com\/eM3kLt6DA9<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1858654419602297074?ref_src=twsrc%5Etfw\">November 18, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Popular on-chain analytics firm <strong>CryptoQuant <\/strong>said that Bitcoin has &#8220;room&#8221; for further growth based on the reading of the Short Term Holders SOPR indicator.<\/p>\n<p>The SOPR, combined with the 30-day moving average (30d MA), revealed that short-term holders are taking moderate profits, with no signs of excessive euphoria.<\/p>\n<p>&#8220;Currently, the indicator remains in the middle region, far from the Extreme Greed range, suggesting that the asset still has room to continue rising before reaching a possible market top,&#8221; CryptoQuant noted.<\/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=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><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\/42053406\/bitcoin-ethereum-dogecoin-rise-amid-tesla-fueled-tech-stocks-rally-popular-analyst-says-btc-could-reach-138k-before-major-pullback\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leading cryptocurrencies inched higher Monday, coinciding with a surge in tech stocks. Cryptocurrency Gains +\/- Price (Recorded at 8:30 p.m. ET) Bitcoin BTC\/USD +0.60% $91,007.28 Ethereum ETH\/USD\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 +1.49% $3,158.99 Dogecoin &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=127684\" 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-127684","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/127684","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=127684"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/127684\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}