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news-imageNovember 8, 2024

Price analysis 11/8: BTC, ETH, SOL, BNB, XRP, DOGE, TON, ADA, SHIB, AVAX

Bitcoin hit a new all-time high at $77,000, boosting buying in several altcoins, which have also broken above their respective resistance levels.
Publisher: Cointelegraph
Sentiment: Positive
ADA
AVAX

More News Articles

Positive
cover-imageThe Currency Analytics
November 8, 2024

Binance Coin (BNB) at $600 Resistance, Eyes ATH Above $720

Binance Coin (BNB) is positioning itself to break past a critical resistance level at $600, raising expectations of a potential surge to new all-time highs (ATH) above $724 before the end of the year. The broader market's momentum has been favorable, with Bitcoin (BTC) leading the way and surpassing $75,000—briefly touching $76,000—while Binance Coin has been one of the standout performers among major altcoins.

Positive
cover-imageBitcoin
November 8, 2024

Hive Digital Reports Slight Rise in Bitcoin Output Amidst Capacity Goals

Bitcoin miner Hive Digital reported modest growth in bitcoin production for October, while advancing its mining capacity and infrastructure. Hive Digital Discloses Modest Bitcoin Output Gains Vancouver-based Hive Digital (Nasdaq: HIVE) reported incremental growth in its bitcoin production for October, maintaining consistent operational metrics while advancing its mining infrastructure.

Positive
cover-imageCoinPedia
November 8, 2024

Cardano Aim For 70% Rally, ADA's Bullish Comeback

Cardano (ADA) has made a comeback in the market, gaining significant attention from the crypto community due to its impressive performance over the past few days. ADA's performance has not only attracted investors and institutions but has also outperformed major cryptocurrencies such as Tron (TRX) and Toncoin (TON).

Neutral
cover-imageBenzinga
November 8, 2024

Bitcoin, Ethereum, Dogecoin Close The Week Trading Sideways

Cryptocurrency markets are trading mostly sideways to close out the week. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $76,596.76 -0.1% Ethereum (CRYPTO: ETH) $2,941.75 +1.8% Solana (CRYPTO: SOL) $198.79 +0.9% Dogecoin (CRYPTO: DOGE) $0.1959 +1.8% Shiba Inu (CRYPTO: SHIB) $0.00001878 -0.9% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 26.3% and daily active addresses falling by 10.2%.

Positive
cover-imageThe Currency Analytics
November 8, 2024

Dormant Ethereum Whale Returns After Trump Win, Profits $30M

A dormant Ethereum whale has made a significant return to the crypto market following the boost ignite by Donald Trump's victory in the U.S. election. This whale, who had been inactive for over eight years, capitalized on the recent Ethereum price surge, making an impressive $30 million in just 24 hours.

Positive
cover-imageCoingape
November 8, 2024

Just In: Bitcoin Price Hits New ATH At $77k As Trump Trade Continues

Bitcoin surged to a new all-time high of $77,043 following Donald Trump's recent US election victory, which has sparked renewed interest in Bitcoin as a “risk-on” asset. The surge comes as investors expect the U.S. economic landscape to shift under Trump's leadership, fueling optimism for cryptocurrencies as alternative investments.

Positive
cover-imageBenzinga
November 8, 2024

Ethereum Up 17% On The Week: What Is Going On?

Crypto analysts are seeing signals that Ethereum (CRYPTO: ETH) may soon rally against Bitcoin (CRYPTO: BTC), potentially reversing recent underperformance. What Happened: According to Lookonchain, a major Ethereum whale with holdings of 398,891 ETH ($1.14 billion) recently sold 29,897 ETH at $2,839 for a profit of $84.7 million (810x return), signaling confidence among some high-stake investors in ETH's future trajectory.

Positive
cover-imageThe Currency Analytics
November 8, 2024

Tether Mints $2B USDT on Ethereum, Moves Funds to Exchanges

Tether, the issuer of the world's largest stablecoin, has recently minted $2 billion worth of USDT on the Ethereum network, while simultaneously reallocating funds across multiple leading cryptocurrency exchanges. This move, coming on the heels of an earlier $1 billion mint on the Tron blockchain, has caught the attention of the crypto community and market analysts.

Positive
cover-imageCrypto news
November 8, 2024

US Congressman Mike Collins buys ETH worth $80k

Republican Mike Collins, re-elected to the U.S. House of Representatives in Georgia's 10th Congressional District, holds Ethereum. Collins disclosed an investment in Ethereum (ETH) worth nearly $80,000, according to the platform Quiver Quantitative.

Positive
cover-imageThe Currency Analytics
November 8, 2024

Bitcoin Poised for Growth Under Trump Presidency and MicroStrategy's $42B Bitcoin Plan.

JPMorgan analysts are bullish on Bitcoin's prospects, predicting the cryptocurrency will see significant growth following Donald Trump's victory in the U.S. presidential election. As part of their market outlook, the analysts emphasize the “debasement trade,” a strategy that benefits assets like Bitcoin and gold, which serve as hedges against inflation and the weakening of traditional currencies.

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