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Cryptocurrency markets are rallying into the weekend, as traders remain convinced the range-bound price action will eventually resolve upwards.
Cryptocurrency | Price | Gains +/- |
Bitcoin (CRYPTO: BTC) | $59,680 | +4.4% |
Ethereum (CRYPTO: ETH) | $2620 | +3.3% |
Solana (CRYPTO: SOL) | $140.7 | +0.8% |
Dogecoin (CRYPTO: DOGE) | $0.1013 | +2.4% |
Shiba Inu (CRYPTO: SHIB) | $0.00001325 | +0.4% |
Cryptocurrency | Price | Gains +/– |
Helium (CRYPTO: HNT) | $7.2 | +10.8% |
Bittensor (CRYPTO: TAO) | $276 | +7.4% |
Uniswap (CRYPTO: UNI) | $6.5 | +6.6% |
Trader Notes: CoinMamba acknowledged the “epic level” difficulty of trading in these conditions, saying “There is no way to win.”
Analyst DonAlt stated his gut feeling is the market will go up but “brain says down.” He also thinks a “cleansing” is underway for the market but technical analysis does not suggest bullish action just yet.
DonAlt sees a “deadcat bounce” coming for some meme coins but suggests investors with underwater positions should sell into that.
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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