Bitcoin Gains, Ethereum, Dogecoin Muted Amid Tesla-Powered Stocks Rally: Analyst Highlights ‘Most Bullish Outcome’ For King Crypto In The Short Term
Bitcoin traded in the green Thursday after Tesla Inc.’s (NASDAQ:TSLA) searing rally lifted stocks out of losses.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. EDT) |
| Bitcoin (CRYPTO: BTC) | +1.13% | $67,956.29 |
| Ethereum (CRYPTO: ETH) |
-0.66% | $2,525.51 |
| Dogecoin (CRYPTO: DOGE) | -1.46% | $0.14 |
What Happened: Bitcoin sailed to an intraday high of $68,693 during U.S. evening hours before dipping below $68,000 on profit-taking.
The world’s largest cryptocurrency took a sharp U-turn after clinching $69,000 earlier this week. Its October gains stood at 7% as of this writing, well below the historical average of 21.57%.
Ethereum failed to rise, wobbling in the $2,500 range throughout the day.
Total cryptocurrency liquidations breached $104 million in the last 24 hours, with long liquidations accounting for half of them.
Bitcoin’s Open Interest rose marginally by 0.05% in the 24 hours. Interestingly, most institutional investors and top traders on Binance bet against the cryptocurrency, as per the Long/Shorts Ratio.
Market sentiment remained in the “Greed” zone, according …
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