Bitcoin, Ethereum, Dogecoin Continue Sideways: ‘A Few More Months Of BTC Chop Season,’ Warns Trader


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:

Cryptocurrency Price Gains +/-
Bitcoin (CRYPTO: BTC) $67,640 -0.9%
Ethereum (CRYPTO: ETH) $3,780 +1.1%
Solana (CRYPTO: SOL) $166.15 -0.5%
Dogecoin (CRYPTO: DOGE) $0.159 -0.4%
Shiba Inu (CRYPTO: SHIB) $0.0000255 -1.3%

Notable Statistics:

Notable Developments:

Top Gainers:

Cryptocurrency Price Gains +/
Lido (CRYPTO: LDO) $2.53 +8%
Beam (CRYPTO: BEAM) $0.02853 +7.5%
Pepe (CRYPTO: PEPE) $0.00001507 +4.5%
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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