Bitcoin Pushes Back Above $90,000, Ethereum, Dogecoin Lag To End A Record Week
Cryptocurrency markets are closing the week strong, with Bitcoin pushing above $90,000 at the end of the U.S. trading session. CryptocurrencyPrice Gains +/-Bitcoin BTC/USD $90,792+1.5%Ethereum ETH/USD $3,061 -2.3%Solana SOL/USD $213.8-0.5%Dogecoin DOGE/USD $0.3719-5.1%Shiba Inu SHIB/USD $0.00002439-2.7%Notable Statistics: IntoTheBlock data shows large transaction volume falling by 14% and daily active addresses dropping by 3%. Coinglass data reports $453 million in liquidations, $288 million of which were liquidated long positions. Notable Developments: Bitcoin, Dogecoin Success Driven By ‘Narrative And Momentum,’ Report Argues Solana, Ripple, Litecoin ETFs May Be On The Table Under Trump Administration, Industry Experts Say XRP Soars 58% On The Week: What Is Going On? Matt Gaetz To Be Confirmed As Attorney General In A Trump Administration? Not So Fast, Polymarket Traders Say Viral Baby Hippo MOODENG Makes New All-Time High, Could Follow Shiba Inu’s Run, Trader Predicts Top Gainers: CryptocurrencyPrice Gains +/-Flare FLR/USD $0.020746.5%Algorand ALGO/USD $0.180520.5%Cardano ADA/USD $0.678420.2%Trader Notes: Veteran analyst Benjamin Cowen expects Bitcoin dominance to increase for the remainder of the year. He expects a reversal only in 2025. With #ALT / #BTC pairs still about 27% off their lows, #DXY climbing, yields going up, and QT continuing, #BTC dominance will likely go higher into EOY. I do think #BTC dominance will go down in 2025, but that is 1.5 months away, and a lot can happen between now and then. pic.twitter.com/9xosZy9y9N— Benjamin Cowen (@intocryptoverse) November 15, 2024A poll by trader TheFlowHorse shows his audience divided over whether Bitcoin will trade above $89,500 on the weekend, with a slight 54% majority saying yes. Technical analyst Pierre outlined the likely paths for Bitcoin in the short term: either a flip of the resistance level around $90,000, which could lead to new highs, or a visit to the bottom of the range around $85,000. In between the two prices, he expects sideways trading action. 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. Image: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.