Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Khyathi Dalal

Bitcoin, Ethereum, XRP, Dogecoin Stay Flat After Volatile Friday

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

Cryptocurrency markets are trading sideways after a volatile New York trading session on Friday.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $111,211.24
Ethereum (CRYPTO: ETH) $4,310.36
Solana (CRYPTO: SOL) $204.26
XRP (CRYPTO: XRP) $2.83
Dogecoin (CRYPTO: DOGE) $0.2159
Shiba Inu (CRYPTO: SHIB) $0.00001238

Notable Statistics:

  • Coinglass data shows 88,158 traders were liquidated in the past 24 hours for $346.33 million.
  • The top gainers in the past 24 hours include MemeCore (CRYPTO: M), Pump. Fun (CRYPTO: PUMP) and Aerodrome Finance (CRYPTO: AERO).

Notable Developments:

Trader Notes: IntoCryptoverse founder Benjamin Cowen expects Bitcoin's rotation to strengthen through September and October, with BTC dominance likely to climb above 60% in the coming weeks despite muted action so far.

More Crypto Online added that Bitcoin's current volatility and seemingly manipulated moves are part of a normal correction, with September's "noise" likely to pass before the next strong upward wave.

Daan Crypto Trades explained Bitcoin is retesting a critical zone, where flipping above the 4H 200MA and EMA could signal a short-to-mid-term trend shift. These levels have acted as resistance for weeks, making the current retest key for momentum.

Ted Pillows pointed to major liquidity concentrations near $95,000, along with a CME gap between $92,000–$93,000 that may be filled before the market reverses.

Read Next: 

Image: Shutterstock

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.