Cryptocurrency markets saw more sideways trading to close out the week, with inflation data failing to ignite a rally.
Prices as of 4 p.m. ET:
Notable Statistics:
- Liquidations decreased by 15% to over $130 million over the past 24 hours.
- Trading volume was down by 5% over the same time frame.
Notable Developments:
- Bitcoin Price After The Latest Inflation Data Could Follow These 2 Scenarios, Says Veteran Trader
- Crypto Maturity Puts Pressure On Coinbase Trading Revenue
- Ethereum Could Hit $10K By Year-End, Says Analyst Signaling ‘Significant Bullish Move’
- Is It Time To Buy Bitcoin Mining Stocks?
- Donald Trump’s Crypto Wallet Grows By $500K In Value Following Trial
Top Gainers:
Trader Notes: Veteran trader Shardi B sees more “chop,” warning traders that sideways price action could continue for several months ahead.
Loma Crypto complained that the “current cycle” is “boring.”
“At least in the last cycles, I can pretend to be interested the greater good of finance,” the user added.
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.
Photo: Shutterstock
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