Bitcoin, Ethereum Flat, Dogecoin Dips Even As Trump Calls Crypto ‘Popular:’ Analyst Says BTC Build-up Good, Predicts ETH Uptrend After Fed Meet
Leading cryptocurrencies traded flat on Monday as uncertainty about tariffs calmed investors’ risk appetite.
Cryptocurrency | Gains +/- | Price (Recorded at 8:45 p.m. ET) |
Bitcoin (CRYPTO: BTC) | -0.26% | $94,467.01 |
Ethereum (CRYPTO: ETH) |
-0.25% | $1,811.62 |
Dogecoin (CRYPTO: DOGE) | -1.00% | $0.1697 |
What Happened: Bitcoin wobbled between the mid-$93,000s and the early $95,000s, with the apex cryptocurrency hitting an intraday high of $95,193.19.
Ethereum also experienced a choppy trading day as it wiggled in the $1,800 region. The second-largest cryptocurrency’s trading volume rose 27% in the last 24 hours.
President Donald Trump endorsed cryptocurrencies in an interview, deeming it a “popular” and “hot” sector.
About $146 million was liquidated from the cryptocurrency market in the last 24 hours, with bullish long bets accounting for $83.75 million.
That said, over $500 million in Bitcoin shorts risked liquidation if the leading cryptocurrency rebounded to $97,000.
The majority of Binance traders with open BTC positions placed bearish bets on Bitcoin, according to the Long/Short Ratio.
On the other hand, the market sentiment shifted to “Greed,” according to the Crypto Fear and Greed Index.
Top Gainers (24-Hours)
Cryptocurrency | Gains +/- | Price (Recorded … |