Bitcoin, Ethereum Flat, Dogecoin Dips Amid Trade Deal Hopes: Analyst Says BTC Price ‘Holding Strong’ And Setup Clean For Push To $98,300
Leading cryptocurrencies were muffled on Tuesday, but stocks rallied on indications that the United States was nearing a deal with a key trading partner.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | -0.77% | $94,494.12 |
| Ethereum (CRYPTO: ETH) |
+0.03% | $1,803.83 |
| Dogecoin (CRYPTO: DOGE) | -2.30% | $0.1758 |
What Happened: Bitcoin continued to face resistance around $95,500 as trading volume dipped nearly 15% in the last 24 hours. Ethereum wobbled in the early $1,800 territory, with volumes down 9.63%
More than $180 million was liquidated from the cryptocurrency market in the last 24 hours, with long liquidations accounting for $120 million.
That said, over $630 million in Bitcoin short positions risked liquidation if the apex cryptocurrency rose to $98,000.
Bitcoin’s Open Interest dropped 2.27% in the last 24 hours, while more than 57% of Binance traders took short positions on the asset.
The market sentiment remained in “Greed,” according to the Crypto Fear and Greed Index.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at 8:45 p.m. ET) |
| Solayer (LAYER) | +9.31% | $3.21 |
| Monero … |
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