Cryptocurrency markets are trading higher, with Bitcoin hovering around $100,000 and Jim Cramer suggesting it is "a winner."
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $99,254.71 | +0.88% |
| Ethereum (CRYPTO: ETH) | $3,281.28 | -2.1% |
| Solana (CRYPTO: SOL) | $253.09 | -0.8% |
| Dogecoin (CRYPTO: DOGE) | $0.3987 | +3.7% |
| Shiba Inu (CRYPTO: SHIB) | $0.00002463 | +0.3% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 47.5% and daily active addresses growing by 27.2%. Transactions greater than $100,000 are up from 13,321 to 18,859 in a single day. Exchanges netflows are down by 4.5%.
- Coinglass data reports 113,608 traders were liquidated in the past 24 hours for $340.73 million. Open interest continues to stand at peak levels, $64 billion.
- Polymarket data shows there is a 60% chance of Bitcoin touching $100,000 today and an 89% probability of it happening this month.
Notable Developments:
- Trump Media Trademark Filing For 'TruthFi' Hints At Potential Digital Wallets, Asset Trading
- Charles Schwab Prepares For Spot Cryptocurrency Trading Under New Leadership
- Trump Media's TruthFi Gamble Tests Bulls And Bears
- Strike CEO Jack Mallers: 'Bitcoin Is The Best Performing Asset In The History Of Mankind'
- Solana Hits $264 Record High As ETF Filings, Regulatory Optimism Drive Market Momentum
Top Gainers:
| Cryptocurrency | Price | Gains +/- |
| Stellar (CRYPTO: XLM) | $0.3194 | +28.2% |
| XRP (CRYPTO: XRP) | $1.42 | +20.6% |
| Cardano (CRYPTO: ADA) | $0.9647 | +19.9% |
Trader Notes: Bitcoin nearing $100,000 sparked mixed sentiments among traders.
Altcoin Sherpa quipped "See you guys at $60,000" when Bitcoin failed to break through the psychological barrier.
Crypto trader Seth highlights a "thick and sticky sell wall" as the obstacle.
The menace right now!
— Seth (@seth_fin) November 22, 2024
This is a thick and sticky sell wall. #Bitcoin $BTC pic.twitter.com/13uVxevS9T
Dogecoin founder Billy Markus stated, "maybe bitcoin will become a $99,000 stablecoin."
Quinten Francois remains optimistic, stating the Bitcoin bull market has "just started."
The bull market just started pic.twitter.com/QYfxyaKAeJ
— Quinten | 048.eth (@QuintenFrancois) November 22, 2024
Daan Crypto Trades explained that traders are preemptively shifting from altcoins to Bitcoin as it edges closer to the $100,000 milestone.
He predicts a breakout, followed by consolidation could lead to altcoin rebounds. Until then, Bitcoin is expected to continue absorbing liquidity.
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Image: Shutterstock
