Bitcoin, Ethereum Rise, Dogecoin Falls As Trump Reverses Course On China Tariffs: Analyst Says BTC Setup Bullish But ‘It’s Like Walking On Thin Ice’
Leading cryptocurrencies gained on Wednesday amid reports that President Donald Trump was considering reducing China tariffs.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +0.47% | $93,643.53 |
| Ethereum (CRYPTO: ETH) |
+2.38% | $1,792.14 |
| Dogecoin (CRYPTO: DOGE) | -2.57% | $0.1785 |
What Happened: Bitcoin consolidated in the $93,000 range after rising above $94,000 early this morning. Ethereum, the second-largest cryptocurrency, surpassed $1,800 for the first time since April 6.
Dogecoin, meanwhile, edged lower, following a sharp rebound earlier in the week.
Over $351 million was liquidated from the cryptocurrency market in the last 24 hours, with nearly $190 million in bearish shorts getting erased.
Nearly $289 million in Bitcoin shorts risked liquidation if the apex cryptocurrency reached $95,000.
Bitcoin’s Open Interest rose moderately by 0.15% in the last 24 hours, following a double-digit bump in the previous day.
Bearish bets continued to dominate over bullish long bets, as more than 62% of Binance traders with …
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