Bitcoin, Ethereum, Dogecoin Flat Amid ‘Reciprocal Tariffs’ Talk By Trump: Why This Analyst Said BTC Was In ‘No Man’s Land’

Leading cryptocurrencies traded flat Thursday amid President Donald Trump’s announcement of “reciprocal tariffs” and yet another hotter inflation data.

What Happened: Bitcoin hit an intraday low of $95,269.71, following Wednesday’s move above $98,000, as the apex cryptocurrency’s wait to reclaim $100,000 gets longer.

Ethereum fell to a low of $2,615.67 in the afternoon before gradually reaching the upper reaches of $2,600 in the evening. 

Cryptocurrency liquidations rose above $175 million in the last 24 hours, with $120 million in upside bets erased.

That said, if Bitcoin reclaims the $100,000 level, nearly $530 million in short positions will be wiped out.

Bitcoin’s Open Interest fell by 1.33% in the last 24 hours, while long exposure remained lower than short exposure, according to the Long/Short Ratio.

Market sentiment remained in the …

Full story available on Benzinga.com