Bitcoin, Ethereum, Dogecoin Match Decline In Stock Futures As Nvidia Hit By China Chip Curbs: Analyst Hopes For New BTC All-Time High In Q2
Leading cryptocurrencies dipped alongside stock futures Tuesday as Nvidia Corp. (NASDAQ:NVDA) shares tumbled after being informed by the U.S. government that it will need a license to export chips to China.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | -1.65% | $83,364.77 |
| Ethereum (CRYPTO: ETH) |
-2.77% | $1,585.59 |
| Dogecoin (CRYPTO: DOGE) | -3.59% | $0.1534 |
What Happened: Bitcoin peaked at a high of $86,429.35 in early trading before a sharp decline to $83,100 overnight. Ethereum charted a similar trajectory, plunging to an intraday low of $1,577.05 after a morning spike.
In the past 24 hours, 97,198 traders were liquidated, with total liquidations at $208.63 million. More than $136 million in bullish bets was erased due to the pullback.
That said, about $700 million in shorts risked liquidation if Bitcoin rebounds to $86,850.
Bitcoin’s Open Interest plunged 6.54% in the last 24 hours. Meanwhile, its Long/Short Ratio on Binance rose above 1, suggesting that futures traders were buying its latest dip.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| MANTRA (OM) | 27.19% | $0.7892 |
| DeXe (DEXE) | 6.26% | $13.28 |
| Story (IP) | 5.64% | $4.06 |
The global cryptocurrency market capitalization stood at $2.63 trillion, following a contraction of …
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