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Benzinga

Bitcoin Plunges to $76,000, Ethereum, XRP, Dogecoin Drop 5% On $500M in Liquidations

Bitcoin and other major cryptocurrencies like Ethereum, XRP, and Dogecoin experienced a significant drop, leading to over $800 million in liquidations. Experts warn of potential further sell-offs due to market conditions and geopolitical factors.

TokenPost

In the domestic cryptocurrency market, XRP's trading volume is 9.1 times higher globally, indicating significant interest. While STX and WLD also show a strong concentration in the domestic market, their trading volumes do not match XRP's. Conversely, HYPE and BNB appear to be more actively traded overseas.

Benzinga

Bitcoin Reclaims $80,000 as Ethereum, XRP, Dogecoin Rally 4%

Bitcoin surged past $80,000, up 4%, with Ethereum, XRP, and Dogecoin also seeing gains. Despite outflows from ETFs and a Binance hack, strong dip-buying demand and long-term appeal of Bitcoin are noted.

TokenPost

Shiba Inu is showing weakness, trading below $0.000005 even after Binance resumed withdrawals. It remains below several moving averages, and the MACD indicator is also below the zero line, suggesting a potential slowdown in trading demand. Its trading volume is significantly lower compared to Dogecoin and Pepe.

TokenPost

The Shiba Inu price comparison graphic of $0.000012 is 2.6 times higher than the closing price on November 3rd. When discussing the possibility of reaching $1, it is necessary to confirm the base price in the graphic. The official Shiba Inu account responded positively to a post about the $1 possibility, but this is not an official target price.

TokenPost

There are conflicting reports regarding Shiba Inu (SHIB) exchange flows, with one report stating a net inflow of 153 billion SHIB, while other metrics from sources like Glassnode indicate a net outflow. These discrepancies are likely due to differences in the aggregation period, the exchanges included in the analysis, and the methodologies used for calculating the metrics, making direct comparison difficult.

Beincrypto

A fan's post suggesting that reaching $1 for Shiba Inu Coin (SHIB) is mathematically difficult but not impossible was praised by the official team. However, the price displayed in the post deviates from reality; for SHIB to reach $1, it would need to rise about 200,000 times from its current price, and its market capitalization would far exceed that of Bitcoin. While the development team is also showing moves to create demand, the $1 debate continues.

Beincrypto

The Shiba Inu team praised a fan's claim about reaching $1, but the figures presented were exaggerated. To reach $1 from its current price, it would need to increase by approximately 200,000 times, surpassing Bitcoin's market capitalization. The team has recently adopted a cautious stance and is attempting to expand its own network.

Benzinga

Bitcoin, Ethereum, XRP, Dogecoin Steady Ahead of Midterm Results

Bitcoin hovers around $77,000 amid anticipation of U.S. midterm election results. Despite recent liquidations and ETF outflows, analysts suggest Bitcoin may have bottomed and an uptrend could resume, with key liquidity levels identified.

Binance News

Binance is gradually reopening withdrawals for a new batch of assets, starting Nov. 3, focusing on BSC, Ethereum, and Solana networks. Deposits remain unaffected, and Binance will cover losses from stolen funds.

Benzinga

Bitcoin Falls Below $77,000, Ethereum, XRP, Dogecoin Flat Ahead of Midterms

Bitcoin hovers around $77,000 amid substantial spot Bitcoin ETF outflows and anticipation of the US midterm elections. Macroeconomic pressures and potential Fed actions add to market uncertainty.