{"id":130723,"date":"2024-11-27T17:02:49","date_gmt":"2024-11-27T10:02:49","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=130723"},"modified":"2024-11-27T17:02:49","modified_gmt":"2024-11-27T10:02:49","slug":"bitcoin-ethereum-dogecoin-tumble-as-diamond-hands-lock-in-gains-top-analyst-anticipates-btc-rebound-grayscale-bitcoin-mini-trust-btc-common-units-of-fractional-undivided-beneficial-interest","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=130723","title":{"rendered":"Bitcoin, Ethereum, Dogecoin Tumble As &#8216;Diamond Hands&#8217; Lock In Gains: Top Analyst Anticipates BTC Rebound &#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 slid further Tuesday, as long-term investors continued to chase profits.\u00a0<\/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>-2.18%<\/td>\n<td>$92,538.27<\/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>-3.32%<\/td>\n<td>$3,335.13<\/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>-4.39%<\/td>\n<td>$0.3886<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p><strong>What Happened<\/strong>: Bitcoin fell to an intraday low of $90,770 before recovering to $92,500 in overnight hours. The corrective action has wiped all of the gains made over the week, halting the leading cryptocurrency\u2019s rise to $100,000.<\/p>\n<p>Long-term Bitcoin holders have offloaded 728,000 coins in the past 30 days, marking the largest sell-off since April.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<p>Over $364 million in long positions were liquidated in the past 24 hours, out of a total of $477 million. Bitcoin&#8217;s Open Interest also declined by over 5% in the last 24 hours.\u00a0<\/p>\n<p>That said, the number of <strong>Binance <\/strong>traders going long on Bitcoin still heavily outpaced those betting against the asset, <a href=\"https:\/\/www.coinglass.com\/LongShortRatio\">according <\/a>to the Long\/Shorts Ratio indicator.<\/p>\n<p>Additionally, around $695 million in leveraged shorts risked liquidation if the apex cryptocurrency rebounds to $98,000.<\/p>\n<p>Top Gainers (24-Hours)<\/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>Algorand <\/strong>(ALGO)<\/td>\n<td>+13.71%<\/td>\n<td>$0.3031<\/td>\n<\/tr>\n<tr>\n<td><strong>Fantom <\/strong>(FTM)<\/td>\n<td>+7.27%<\/td>\n<td>$1.08<\/td>\n<\/tr>\n<tr>\n<td><strong>Injective <\/strong>(INJ)<\/td>\n<td>+7.09%<\/td>\n<td>$29.61<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p>The global cryptocurrency market capitalization stood at $3.18 trillion, following a contraction of 2.29% in the last 24 hours.<\/p>\n<p>Stocks climbed to new records Tuesday. The <strong>Dow Jones Industrial Average <\/strong>rose 123.74 points, or 0.28%, to close at 44,860.31, while the <strong>S&amp;P 500<\/strong> gained 0.57% to end at 6,021.63. Both the broad-based indexes closed at record highs. Tech-focused <strong>Nasdaq Composite <\/strong>added 0.63% higher to close at 19,175.58.<\/p>\n<p>Investors parsed the minutes from the Federal Reserve meeting, which <a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/24\/11\/42198763\/fed-minutes-reveal-confidence-in-inflation-reduction-yet-flag-divergent-views-on-interest-rate-path-ahead\">revealed <\/a>a consensus among policymakers that inflation was gradually reducing.<\/p>\n<p>Market participants raised the odds of a 25 basis-point cut in next month&#8217;s FOMC meeting to 57.7%, up from 52.3% a day earlier, <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\">according <\/a>to the CME FedWatch tool.<\/p>\n<p>The personal consumption expenditure (PCE) data, considered the Fed&#8217;s preferred inflation gauge, is slated to be released Wednesday.<\/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 shared with Benzinga, <strong>Haider Rafique<\/strong>, Global Chief Marketing Officer at cryptocurrency exchange <strong>OKX<\/strong>, commented on why Bitcoin was fumbling around the $100,000 mark.<\/p>\n<p>\u201cThere\u2019s definitely profit-taking at these levels. The average holding price is around $30,000, representing a two to three-times upside for investors. So, there\u2019s significant sell pressure, but we also see equal buyback pressure,&#8221; Rafique stated.<\/p>\n<p>He added, &#8220;Many people have had $100,000 as a price target for liquidation. We\u2019re seeing institutions like MicroStrategy buying and holding significant supply, which naturally reduces available liquidity on exchanges and creates upward momentum.&#8221;\u00a0<\/p>\n<p>Widely-followed cryptocurrency analyst <strong>Ali Martinez<\/strong> spotted a \u2018buy signal&#8217; from the TD Sequential indicator on Bitcoin&#8217;s hourly chart.<\/p>\n<p>Additionally, with the Relative Strength Index (RSI) forming a higher low, a bullish divergence was witnessed, potentially helping Bitcoin to rebound to $95,000-$96,000.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<p><em>Photo by CMP_NZ on Shutterstock<\/em><\/p>\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\/24\/11\/42206056\/bitcoin-ethereum-dogecoin-tumble-as-diamond-hands-lock-in-gains-analyst-anticipates-strong-buyback-pressure-to-follow-sell-pressure\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leading cryptocurrencies slid further Tuesday, as long-term investors continued to chase profits.\u00a0 Cryptocurrency Gains +\/- Price (Recorded at 8:30 p.m. ET) Bitcoin BTC\/USD -2.18% $92,538.27 Ethereum ETH\/USD\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 -3.32% $3,335.13 Dogecoin &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=130723\" 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-130723","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/130723","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=130723"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/130723\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}