Bitcoin, Ethereum Steady, Dogecoin Falls As Trump Trade Moves Crash Stocks: Why Arthur Hayes Believes Tariffs Will Be Good For BTC
Leading cryptocurrencies held steady Thursday, even as President Donald Trump’s tariff moves battered stock markets.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +0.02% | $83,269.84 |
| Ethereum (CRYPTO: ETH) |
-0.46% | $1,816.44 |
| Dogecoin (CRYPTO: DOGE) | -1.73% | $0.1629 |
What Happened: Bitcoin dipped below $82,000 in the early trading hours but recovered to $83,000 by evening. Ethereum followed a similar U-shaped trajectory, falling to a low of $1,750 before regaining $1,800 later in the day.
Bitcoin continued to witness capital rotation away from altcoins, with its market dominance rising to 62%. In fact, CoinMarketCap’s Altsoin Season Index flashed a “Bitsoin Season” as of this writing.
Nearly $247 million was liquidated from the market in the last 24 hours, with more than $170 million in upside bets wiped out.
Bitcoin’s Open Interest mirrored spot price moves, marginally gaining 0.63% in the last 24 hours.
The Long/Short Ratio fell sharply, suggesting an increase in traders betting against Bitcoin’s price increase.
The market sentiment improved from “Extreme Fear” to “Fear,” according to the Crypto Fear …
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