Bitcoin, Ethereum Steady, Dogecoin Falls Even As Trump’s Tariff Reprieve Boosts Stocks: Analyst Says $82,024 BTC Level ‘Worth Watching Closely’
Leading cryptocurrencies remained flat on Monday, while stocks rose in response to President Donald Trump’s tariff respite for technology products.
Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
Bitcoin (CRYPTO: BTC) | 0.01% | $84,785.75 |
Ethereum (CRYPTO: ETH) |
0.78% | $1,631.31 |
Dogecoin (CRYPTO: DOGE) | -3.73% | $0.1579 |
What Happened: Bitcoin chopped between $84,000 and $85,000 throughout the day, with the intraday peak of $85,785.00 set in the early trading hours.
Ethereum stagnated in the $1,600 range, prolonging investors’ wait for an upside breakout to $1,700.
The two heavyweights have diverged this month. While Bitcoin has gained 2.58% since the beginning of April, Ethereum has fallen 11% in the same period.
Over $213 million was liquidated from the cryptocurrency market in the last 24 hours, with bullish long bets accounting for $120 million.
Bitcoin’s Open Interest rose by 0.53% in the last 24 hours, matching its spot price movement. Meanwhile, the Long/Short Ratio on Binance dropped further, suggesting higher hopes of a downside breakout.
The …