Cryptocurrency markets are closing out the week strong, with Bitcoin surpassing $90,000 at the end of the US trading session.
| Cryptocurrency | Price | Earnings +/- |
| Bitcoin BTC/USD | $90,792 | +1.5% |
| Ethereum ETH/USD | $3,061 | -2.3% |
| Solana SOL/USD | $213.8 | -0.5% |
| Dogecoin DOGE/USD | $0.3719 | -5.1% |
| Shiba Inu SHIB/USD | $0.00002439 | -2.7% |
Notable stats:
- IntoTheBlock data shows significant transaction volume down 14% and daily active addresses down 3%.
- Coinglass data shows $453 million in liquidations, including $288 million in long positions liquidated.
Notable developments:
Top winners:
| Cryptocurrency | Price | Earnings +/- |
| Burst FLR/USD | $0.0207 | 46.5% |
| Algorand ALGO/USD | $0.1805 | 20.5% |
| Cardano ADA/USD | $0.6784 | 20.2% |
Trader Notes: Veteran analyst Benjamin Cowen expects Bitcoin dominance to increase for the rest of the year. He expects a reversal only in 2025.
A poll by trader TheFlowHorse shows his audience is divided on whether Bitcoin will trade above $89,500 this weekend, with a slight majority of 54%. adage Yes.
Technical analyst Pierre outlined the likely paths for Bitcoin in the near term: either a reversal of the resistance level around $90,000, which could lead to new highs, or a visit to the bottom of the range around 85,000 $. Between the two prices, it wait lateral commercial action.
What’s next: The influence of Bitcoin as an institutional asset class should be explored in depth in the next The future of digital assets event on November 19.
Image: Shutterstock
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