Bitcoin, Ethereum, Dogecoin Steady As Market Expects Trump’s Pro-Crypto Bonanza: Analyst Says BTC Could Hit All-Time High If It Breaks This Resistance

Leading coins remained steady on Thursday amid reports that President-elect Donald Trump may announce several pro-cryptocurrency measures after being sworn in.

Cryptocurrency Gains +/- Price (Recorded at 8:30 p.m. ET)
Bitcoin (CRYPTO: BTC) +0.31% $100,211.61
Ethereum (CRYPTO: ETH)
               
-1.77% $3,340.29
Dogecoin (CRYPTO: DOGE)           +0.54% $0.3789

What Happened: Bitcoin wiggled in the $100,000 region, a day after reclaiming the psychologically important level on softer inflation data. 

Ethereum also chopped in the $3,300-$3,900 zone as holders waited for the second-largest cryptocurrency to recapture the $4,000 milestone it reached last month.

The cryptocurrency market was brimming with optimism ahead of Trump’s inauguration on Jan. 20. The president-elect was reportedly planning to designate cryptocurrency policy as a national priority.

Over $332 million was liquidated from the cryptocurrency market in the last 24 hours, with long liquidations accounting for $188 million.

About $960 million in upside bets could be liquidated if Bitcoin falls back to $95,000.

Bitcoin’s Open Interest rose 2.21% in the last 24 hours. A sideways price movement, coupled with a rising …

Full story available on Benzinga.com

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