Bitcoin, Ethereum, Dogecoin Start Week Lower Despite Strong ETF Inflows: 'Bitcoin Hasn't Broken Anything Yet,' Trader Warns
Take Stock Of The Week Ahead

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Zinger Key Points
  • Crypto markets trade lower despite strong ETF inflows. Bitcoin down 1.6% at $67,479, Ethereum down 1% at $2,672.
  • $201.12 million liquidated in past 24 hours. Traders remain bullish despite dip.

Cryptocurrency markets are trading lower despite strong ETF inflows last week.

CryptocurrencyPrice    Gains +/-
Bitcoin BTC/USD $67,479.67-1.6%
Ethereum ETH/USD $2,672.35-1%
Solana SOL/USD $166.22 -3.8%
Dogecoin DOGE/USD $0.1426+1.5%
Shiba Inu SHIB/USD $0.00001848  -1.9%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume decreasing by 1.8% and daily active addresses growing by 3.3%. Exchanges netflows are down by 134%.
  • Coinglass data reports 67,252 traders were liquidated in the past 24 hours for $201.12 million.

Notable Developments:

Top Losers:

CryptocurrencyPrice    Gains +/-
First Neiro On Ethereum NEIRO/USD $0.001722-9%
ORDI ORDI/USD $35.50-6.4%
Dogwifhat WIF/USD $2.52-6%

Trader Notes: With Bitcoin prices dropping below $68,000 mark, Justin Bennett highlighted how everyone is talking about Bitcoin highs which have not happened yet.

Another trader predicts that the weekly chart pattern is “currently in bullish territory.” He anticipates and assumes that buyers will be ready to leverage any opportunity of buying any dips.

Crypto trader Jelle points out that Bitcoin’s fun part has just begun despite markets selling off today “as expected.”

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

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Image: Shutterstock

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