Major Cryptocurrencies Surge as Analyst Forecasts Promising Q4 Performance
Leading cryptocurrencies experienced significant gains on Sunday amid rising stock futures and looming government shutdown concerns.
This article has been summarized and translated using AI to help you practice reading and comprehension. While we strive for accuracy, some nuances may be lost in translation.
The cryptocurrency market demonstrated strong performance over the weekend, with major digital assets posting notable gains. Bitcoin climbed 2.49% to $112,276.74, accompanied by a remarkable 35.73% increase in trading volume. Ethereum recovered with a 3.07% gain to $4,133.03, though it remains 16% below its all-time high.
Other significant performers included Solana (+3.64%), XRP (+2.43%), and Dogecoin (+2.98%). The market experienced substantial liquidations totaling nearly $260 million, with short positions accounting for $190 million.
Bitcoin ETFs saw over $900 million in outflows last week, while the global cryptocurrency market capitalization reached $3.86 trillion. Stock futures also showed positive momentum, with traders anticipating an 89% probability of a Federal Reserve rate cut.
Cryptocurrency analysts remain optimistic, with one predicting a 'Monday morning sweep' before strong Q4 performance, while another identified bullish technical signals.
Original Article
benzinga.comhttps://www.benzinga.com/crypto/cryptocurrency/25/09/47908143/bitcoin-ethereum-dogecoin-xrp-spike-analyst-predicts-monday-morning-sweep-for-btc-before-a-