![\"Bitcoin,](\"https:\/\/i-invdn-com.investing.com\/news\/LYNXMPEB3R08Z_L.jpg\")
\n\u00a9 Reuters. Bitcoin, Ethereum, Dogecoin Give Up Early Gains: Analyst Says 2 Altcoins Are ‘Going Through The Roof’<\/span>
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Benzinga – Major coins traded in the red on Thursday, as the global market cap went down 1.75% reaching $1.04 trillion, recorded at 8:30 p.m. EST.<\/p>\n
| Bitcoin<\/td>\n | -2.34%<\/td>\n | $22,681<\/td>\n<\/tr>\n |
| Ethereum<\/td>\n | -3.46%<\/td>\n | $1,567<\/td>\n<\/tr>\n |
| Dogecoin<\/td>\n | -1.69%<\/td>\n | $0.085<\/td>\n<\/tr>\n<\/table>\n What Happened:<\/strong> The largest cryptocurrency by market value, Bitcoin <\/strong>(CRYPTO: BTC), fell over 2% to under $23,000. Ethereum <\/strong>(CRYPTO: ETH) was changing hands at $1,567, down 3.4%. Dogecoin <\/strong>(CRYPTO: DOGE) was down 1.69% in the last 24 hours, trading at $0.085.<\/p>\n U.S. equities soared, as investors digested the most recent GDP report and its positive implications for the economy. The tech-heavy Nasdaq Composite rose 1.7%, the S&P 500 gained 1.1%, and the Dow Jones Industrial Average was up 0.6%. <\/p>\n See More: Best Crypto Day Trading Strategies<\/p>\n The FTX creditor list, containing 116 pages of information, reveals the far-reaching implications of FTX’s bankruptcy. Companies such as Netflix and Apple (NASDAQ: AAPL) are among those listed as creditors. This comprehensive document further shows that FTX’s debt reaches universities, airlines, charities and media organizations, as revealed in the newest court filing.<\/p>\n \u201cBitcoin pared losses as soft-landing hopes returned following better-than-expected U.S. GDP data. \u200bBitcoin still looks poised to consolidate here until next week\u2019s FOMC decision. One notable crypto story was a fine given to Coinbase by the Dutch Central Bank. The central bank\u2019s penalty is for offering crypto products prior to their registration. \u200b This $3.6 million fine is a slap on the wrist but another reminder that a global crackdown on crypto continues,\u201d said Edward Moya<\/strong>, a senior market analyst at OANDA, in a note seen by Benzinga.<\/p>\n Crypto analyst Micha\u00ebl van de Poppe <\/strong>said “we\u2019ll all be laughing” at current BTC and ETH prices in just a few short years. In the shorter term, he is keeping a close watch on the $1,450-$1,600 range for Ethereum,<\/p>\n As for BTC, the analyst says he\u2019s not interested in longs at Bitcoin\u2019s current price levels.<\/p>\n Fun thing is, in a few years from now we’ll be laughing at the current valuations.#Bitcoin at $200K or more, #Ethereum being adopted everywhere.<\/p>\n We’re on the start of such a massive cycle.<\/p>\n \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) January 26, 2023<\/p>\n<\/blockquote>\n Poppe said that altcoins Fantom <\/strong>(CRYPTO: FTM) and Polygon <\/strong>(CRYPTO: MATIC) are currently blasting off. \u201cFTM and MATIC going through the roof.\u201d<\/p>\n Crypto analyst Justin Bennett said that Bitcoin is currently sitting at its all-time high trend line. <\/p>\n $BTC is still hanging out at its ATH trend line.<\/p>\n No confirmed break yet.#Bitcoin pic.twitter.com\/DmTCEv5sGr<\/p>\n \u2014 Justin Bennett (@JustinBennettFX) January 26, 2023<\/p>\n<\/blockquote>\n Read Next:<\/strong> Elon Musk Still Not Lovin’ It? A Year Later, Mum’s Still The Word On MrBeast Burger’s Dogecoin Deal<\/p>\n \u00a9 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/i><\/p>\n |