Bitcoin, Ethereum, Dogecoin Match Stocks Rally As Trump Hints At Tariff Relief: Top Analyst Projects BTC’s Breakout To $93,500 If This Level Is Reclaimed
Leading cryptocurrencies continued the upper march Monday as President Donald Trump hinted at tariff reprieve for some countries.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +1.57% | $87,627.82 |
| Ethereum (CRYPTO: ETH) |
+3.84% | $2,091.44 |
| Dogecoin (CRYPTO: DOGE) | +5.89% | $0.1844 |
What Happened: Bitcoin sailed above $88,750 in early trading, its highest in over two weeks, before retreating to the $87,000 region late evening.
Ethereum breached $2,100 following a nearly 4% jump in the last 24 hours.
The rally hit bearish traders as over $158 million in short positions was liquidated from the cryptocurrency market in the past 24 hours.
A further $600 million in shorts risked liquidation if Bitcoin breaches the $90,000 mark.
Bitcoin’s Open Interest jumped 4.17% in the last 24 hours, reaching its highest level in a month. Interestingly, nearly 54% of Binance traders were positioned short as of this writing, suggesting that traders eyed a pullback.
The market sentiment remained in the “Fear” zone, according to the Crypto Fear and Greed …
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