Bitcoin, Ethereum, Dogecoin Flat As Investors Prepare For Crucial Inflation Data: Top Analyst Says This Week Comparable To Any ‘Crisis’ Period But You Should Be Bullish
Leading cryptocurrencies moved sideways on Sunday ahead of a week packed with key inflation data.
| Cryptocurrency | Gains +/- | Price (Recorded at 7:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +0.32% | $96,829.94 |
| Ethereum (CRYPTO: ETH) |
+0.77% | $2,648.76 |
| Dogecoin (CRYPTO: DOGE) | -0.22% | $0.2522 |
What Happened: Bitcoin consolidated between $95,000 to $97,000. The leading cryptocurrency dipped to an intraday low of $94,745 late afternoon, before recovering to $97,000.
Ethereum wobbled in the $2,600 zone, as bulls waited for a decisive breakout.
Cryptocurrency liquidations reached $228 million over the last 24 hours, with long liquidations accounting for over $146 billion.
Bitcoin’s Open Interest rose marginally by 0.36% in the last 24 hours. More than 51% of Bitcoin futures traders were short Bitcoin, according to the Long/Short Ratio.
Market sentiment remained in the “Fear” zone, according to the Crypto Fear & Greed Index, indicating the possibility of further price corrections.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at … |
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