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Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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Cryptocurrency markets are trading sideways in the wake of the Fed leaving interest rates unchanged.
Cryptocurrency | Price | Gains +/- |
Bitcoin (CRYPTO: BTC) | $65,516 | -0.7% |
Ethereum (CRYPTO: ETH) | $3,265.9 | -0.3% |
Solana (CRYPTO: SOL) | $177.13 | -0.2% |
Dogecoin (CRYPTO: DOGE) | $0.1236 | -1.4% |
Shiba Inu (CRYPTO: SHIB) | $0.00001612 | -0.5% |
Notable Statistics:
Notable Developments:
Cryptocurrency | Price | Gains +/– |
Beam (CRYPTO: BEAM) | $0.01876 | +7% |
Mog Coin (CRYPTO: MOG) | $0.052055 | +5.9% |
Kaspa (CRYPTO: KAS) | $0.2056 | +5% |
Trader Notes: Mister Crypto cautions that if Bitcoin dumps further from here, the support level is $64,000.
Galaxy’s Head Of Research Alex Thorn sees Bitcoin in accumulation mode. Around 600,000 BTC changed hands between $66,200 and $66,900, the largest price band of on-chain movement since $0-736. This marks 3% of Bitcoin's circulating supply.
Santiment data sees market commentary leaning positively towards Bitcoin this week. It is the highest level of bullish commentary from the crypto crowd since the week of May 15. This implies that BTC at $70,000 is imminent.
Meanwhile, Daan Crypto Trades highlighted Bitcoin's open interest being built up into the rate decision and FOMC. However, he stated that the usual positions on both sides would stack betting on a big move on either side, which is not the case currently.
He concludes that the current situation makes the odds higher for further moves to stick and nor be "another fake-out to squeeze out positions."
CryptoCon predicted that it is time for the big flip and Bitcoin bull run.
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.
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