Bitcoin, Ethereum, Dogecoin Mirror Stocks, Rise Amid $120,000 BTC Prediction In Q2: ETH Needs Daily Close Above $1,950 For Bullish Bias, Says Analyst
Leading cryptocurrencies spiked on Monday, as a research group projected a new all-time high for Bitcoin in the second quarter.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +1.69% | $95,216.72 |
| Ethereum (CRYPTO: ETH) |
+1.48% | $1,804.56 |
| Dogecoin (CRYPTO: DOGE) | +1.00% | $0.1800 |
What Happened: The cryptocurrency touched an intraday high of $95,598.49 early morning before dipping below $93,000. BTC reclaimed $95,000 overnight.
Bitcoin was on course to close April with double-digit gains, recovering some of the decline from February and March.
Ethereum followed a similar path, rising to the early $1,800s, then falling to $1,750 before recovering above $1,800. Unlike its elder sibling, ETH was down 1.4% in April.
Bitcoin’s market dominance stayed at 63%, while Ethereum’s was stable at 7.3%.
Analysts at global bank Standard Chartered predicted Bitcoin to surge to $120,000 in the second quarter, citing strategic reallocation away from U.S. assets, combined with growing institutional demand.
About $230 million was liquidated from the cryptocurrency market in the last 24 hours, with long position traders losing more than bearish short traders.
Bitcoin’s Open Interest rose by 2.78% in the last 24 hours, indicating higher market liquidity and the …
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