Bitcoin Taps $105,000, Ethereum Steady, Dogecoin Falls As US Announces China Trade Deal: Analyst Says BTC In For A ‘Price Discovery Uptrend’ If It Secures A Weekly Close Above This Level
Leading cryptocurrencies held on to gains Sunday as the U.S. announced a trade deal with China.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +0.65% | $105,015.33 |
| Ethereum (CRYPTO: ETH) |
+0.33% | $2,536.90 |
| Dogecoin (CRYPTO: DOGE) | -4.10% | $0.2364 |
What Happened: Bitcoin tapped $105,000 for the first time since the last week of January, while Ethereum consolidated between the mid-$2,400s and the early $2,500s.
Ethereum’s market dominance topped 9%, while Bitcoin’s market share narrowed to 62%.
Over $333 million was liquidated from the cryptocurrency market in the last 24 hours, with bullish leveraged bets accounting for $216 million.
Nearly $720 million in Bitcoin shorts risked liquidation if the apex cryptocurrency reclaimed its all-time high of $109,000.
Bitcoin’s Open Interest rose 1.81% in the last 24 hours, although over 60% of Binance traders with an open BTC position were positioned short.
The market remained “Greedy” according to the Crypto Fear and Greed Index, implying a potential surge in buying pressure.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Pi (PI) | +49.64% | $1.15 |
| Four (FORM) | +8.61% | $2.59 |
| Kaspa (KAS) | +6.89% | $0.1184 |
The global cryptocurrency market capitalization stood at $3.34 trillion, …
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