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News

Bitcoin Breaks $61,000, Ethereum, Dogecoin Follow Up, As Kamala Harris Reportedly 'Supports Policies To Expand Crypto Industry'

Author: Khyathi Dalal | August 21, 2024 04:21pm

Cryptocurrency markets are up as a policy adviser to Kamala Harris’ campaign stated that she will back any measures to assist in digital assets' growth. The response came when asked about the VP's efforts to engage the crypto community.

Notable Statistics:
  • IntoTheBlock data shows large transaction volumes being relatively flat, while transactions greater than $100,000 increased from 7,289 to 7,824. Exchanges netflows decreased by 160%.
  • Coinglass data shows 38,204 traders liquidated in the past 24 hours for $99.49 million.
CryptocurrencyPriceGains +/-
Bitcoin (CRYPTO: BTC)$61,580+3.5%
Ethereum (CRYPTO: ETH)$2,649+1.8%
Solana (CRYPTO: SOL)$143.6-0.3%
Dogecoin (CRYPTO: DOGE)$0.1067+2.4%
Shiba Inu (CRYPTO: SHIB)$0.00001408+2.5%

Notable Developments:

Top Gainers:

CryptocurrencyPriceGains +/-
Fantom (CRYPTO: FTM)$0.4563+16.6%
Uniswap (CRYPTO: UNI)$7.1+14%
Aave (CRYPTO: AAVE)$141.3+13.9%

Trader Notes: Crypto trader TradeButWhy noted that despite the three weeks since dump, his confidence has increased:

More Crypto Online sees Bitcoin heading towards $61,500, where it will face the next crucial decision.

CrediBULL Crypto predicts a “big breakout/squeeze to $63,000.” He believes the move is driven by a pretty relentless spot bid on Coinbase andconcluded, “If we do top here soon I am still interested in longs at $55,000-$56,000. If we continue to push will be looking for short again somewhere above $64,000.”

Rekt Capital noted that Bitcoin is on the verge of returning to re-accumulation range despite the recent downside deviation.

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.

Read Next: 

Image: Shutterstock

Posted In: $AAVE $BTC $DOGE $ETH $FTM $SHIB $SOL $UNI

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