Bitcoin, Ethereum, Dogecoin Flat As Stocks Show Weakness For Second Straight Day: Analyst Anticipates Further Downsides Before A Liquidity Grab At This Level
Leading cryptocurrencies went sideways on Tuesday, aligning with the stock market’s subdued movements.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. EDT) |
| Bitcoin (CRYPTO: BTC) | +0.77% | $67,187.47 |
| Ethereum (CRYPTO: ETH) |
-0.44% | $2,616.25 |
| Dogecoin (CRYPTO: DOGE) | -2.07% | $0.1381 |
What Happened: Bitcoin experienced volatile price activity in the $67,000 range, with bulls eyeing the psychologically critical $70,000 milestone and higher.
Ethereum dropped nearly to $2,500 before reversing course. These assets spiked to multi-month highs just before the trading week began but have since failed to sustain the rally.
Total cryptocurrency liquidations exceeded $112 million in the last 24 hours, with bullish leveraged traders facing the most losses.
According to Coinglass, nearly $1.6 billion in short positions will be liquidated if Bitcoin rebounds to $69,000.
The Open Interest in Bitcoin futures dropped by 0.60%, mirroring the contraction in spot price.
However, market sentiment remained in the “Greed” zone as of this writing, according to the …
About The Author
