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Benzinga
Benzinga
Business
Khyathi Dalal

Bitcoin Ethereum, XRP, Dogecoin Maintain Uptrend Ahead Of Consumer Price Inflation Data

Antalya,,Turkey,-,December,4,,2024:,Bitcoin,And,Cryptocurrency,Investment

Cryptocurrency markets continued their upward momentum on Thursday morning.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $114,056.31
Ethereum (CRYPTO: ETH) $4,428.15
Solana (CRYPTO: SOL) $225.68
XRP (CRYPTO: XRP) $3.01
Dogecoin (CRYPTO: DOGE) $0.2508
Shiba Inu (CRYPTO: SHIB) $0.00001312

Notable Statistics:

  • Coinglass data shows 135,215 traders were liquidated in the past 24 hours for $265.11 million. 
  • SoSoValue data shows net inflows of $757.1 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ET'Fs saw net inflows of $171.5 million.

Trader Notes: Michael van de Poppe stressed Bitcoin's key support at $112,500, saying a flip of this level confirms a renewed uptrend that could boost altcoins.

Trader BitBull agreed, noting Bitcoin has already turned $113,500 into support, with $117,000 now the next milestone before a potential all-time high.

Ethereum is approaching $4,500, with trader Ted Pillows warning a close above could spark a breakout to new highs, while rejection risks a pullback toward $4,000–$4,100.

Solana is showing strength above $215, according to PostyXBT, though its rally is overshadowed by meme coin hype.

Henry said XRP is flashing a bullish reversal, forming higher highs after breaking its downtrend, making current levels favorable for entries.

Dogecoin has also moved above its weekly range mean, with trader George pointing to $0.35 as the next upside target. He is holding spot positions while waiting for further confirmation.

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Image: Shutterstock

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