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Cryptocurrency markets traded within a tight downward range on Wednesday, as traditional markets had a rocky trading day with increased volatility.

Prices as of 4:00 p.m. ET:CryptocurrencyPriceGains +/-Bitcoin BTC/USD $67,140-1.9%Ethereum ETH/USD $3,745-2.6%Solana SOL/USD $169.00-0.7%Dogecoin DOGE/USD $0.165+0.2%Shiba Inu SHIB/USD $0.0000275+3.8%

Notable Statistics: Liquidations declined from $170 million on Tuesday to just over $100 million on Wednesday at the time of writing, with over $75 million in longs liquidated. Options data shows 65% of outstanding positions in call options, betting on increasing prices. The long/short ratio was split almost 50/50, with 50.80% of traders taking short positions at the time of writing.

Notable Developments:Loading… Loading… EXCLUSIVE: Can BRETT Become The Shiba Inu Of The Base Blockchain? Trump Guilty Verdict In Hush Money Trial? 76% Chance, Say Crypto Bettors On Prediction Market Dogecoin Is The Easiest Play, Will 2x Instantly Once It Starts Moving, Bullish Traders Predict PayPal Launches PYUSD Stablecoin On Solana EXCLUSIVE: Will Ethereum ETFs Lead To New All-Time Highs? 50% Of Holders Say They Would Sell At This Price Top Gainers:CryptocurrencyPriceGains +/Worldcoin WLD/USD $4.84+4%Dogwifhat WIF/USD $3.82+4%Bitget Token BGB/USD $1.32+3.8%

Trader Notes: Trader notes were unusually muted due to low volatility.

BecauseBitcoin CEO Max pointed out the historical price movement of Bitcoin in election and post-election years.

Prices rallied for one year after each election, he noted.

Bitcoin-based firm Unchained highlighted that over half of all bitcoin have not been moved since May 2022, despite several bearish catalysts occurring in the meantime. This underscores a much-talked about point by Bitcoin advocatesthe currencys famously inelastic supply.

Whats Next:The influence ofBitcoin as an institutional asset classis expected to be thoroughly explored at Benzingas upcomingFuture of Digital Assetsevent on Nov. 19.

Read Next:Shiba Inu Investor Turns $2,625 Investment In Dogecoin Killer To $1.1M Afer 3.5 Years Of Inactivity

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