Bitcoin, Ethereum Wobble As Election Results Loom, But Dogecoin Surges: Expect ‘Brutal’ Price Action In The Next 48 Hours, Trader Warns

Cryptocurrency markets are trading lower on the day before the presidential election.

Cryptocurrency Price     Gains +/-
Bitcoin (CRYPTO: BTC)  $67,873.44 -1.1%
Ethereum (CRYPTO: ETH)  $2,429.33 -0.8%
Solana (CRYPTO: SOL)  $159.90 -0.6%
Dogecoin (CRYPTO: DOGE)  $0.1596 +7.5%
Shiba Inu (CRYPTO: SHIB)  $0.00001691 -1.5%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume increasing by 7.7% and daily active addresses falling by 8.4%. Transactions greater than $100,000 are down from 6,498 to 5,942 in a single day. Exchanges netflows are down by 457.7%.
  • Coinglass data reports 59,506 traders were liquidated in the past 24 hours for $159.29 million.

Notable Developments:

Full story available on Benzinga.com

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