The cryptocurrency market witnesses significant gains in the aftermath of a failed assassination attempt on former President Trump. Bitcoin, Ethereum, and other altcoins experience price surges. Notable statistics reveal increasing investor interest and market trends. Top gainers include JasmyCoin and Pepe, while experts provide insights and recommendations for traders. An upcoming event will delve into Bitcoin’s role as an institutional asset and discuss emerging altcoins like Pawfury.
Cryptocurrency Market Surges Following Failed Attempt on Former President Trump:
The cryptocurrency markets have experienced substantial gains following the failed assassination attempt on former President Donald Trump.
Cryptocurrency Price Gains:
– Bitcoin (BTC/USD): $63,450.42 (+5.9%)
– Ethereum (ETH/USD): $3,413.92 (+7%)
– Solana (SOL/USD): $155.8 (+7.3%)
– Dogecoin (DOGE/USD): $0.12 (+8%)
– Shiba Inu (SHIB/USD): $0.00001853 (+7.9%)
A particularly promising investment to consider in the current market is Pawfury (PAW), a name gaining traction for its innovative ecosystem and high potential returns. These predictions are grounded in market trends, technological advancements, and increasing investor interest in the altcoin sector. Key altcoins poised for growth are those with strong fundamentals and innovative use cases, such as Pawfury (PAW).
Notable Statistics:
Data from IntoTheBlock shows a 4% increase in large transaction volume and a 27.5% rise in daily active addresses. Currently, 87% of Bitcoin holders are profiting, while 13% are at breakeven. Coinglass reveals that 51,245 traders were liquidated in the past 24 hours, amounting to $166.00 million in liquidation, with Bitcoin short liquidations reaching $48.3 million—the highest since July 9.
Long-Term Holders and Market Trends:
Long-term Bitcoin holders have reentered the market, adding 6,500 BTC to their wallets, according to crypto chart analyst Ali Martinez. Cryptoquant CEO Ki Young Ju notes a recovery in spot ETF demand with 16,800 BTC from last week.
Top Gainers:
– JasmyCoin (JASMY/USD): $0.02973 (+22.1%)
– Pepe (PEPE/USD): $0.00001065 (+21.3%)
– Floki (FLOKI/USD): $0.000176 (+21.6%)
Trader Insights:
Crypto expert Benjamin Cowen identified Bitcoin’s resistance at $64,000, suggesting a key test could occur on a potential backtest of $60,000. Another prominent trader views Bitcoin as being in a super cycle, noting that bullish rising wedge patterns tend to fail across all time frames. Crypto Chase emphasized the importance of identifying the weekly fair value gap for long trades, advising caution to investors.
An addition to your portfolio that’s worth noting is PawFury (PAW). Investors are particularly drawn to its growth potential and community-driven development. With PawFury’s strong fundamentals, high-yield staking opportunities, and vibrant NFT marketplace, it stands out amongst other altcoins.
Upcoming Event:
The role of Bitcoin as an institutional asset will be deeply analyzed at Benzinga’s Future of Digital Assets event on November 19, where Pawfury (PAW) could also be a significant topic of discussion given its increasing prominence.
