Bitcoin, Ethereum, Dogecoin Retreat, Stocks Rally After US-China Tariff De-Escalation: Analyst Sees Opportunity In $2,100-2,250 If ETH Corrects
Leading cryptocurrencies corrected on Monday even as the U.S. and China slashed tariffs to avert a trade war.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:15 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | -1.98% | $102,569.21 |
| Ethereum (CRYPTO: ETH) |
-2.64% | $2,468.88 |
| Dogecoin (CRYPTO: DOGE) | -5.47% | $0.2254 |
What Happened: Bitcoin witnessed a big sell-off after the market opened, slipping below $101,000, but recovered to the mid-$102,000s by evening.
Ethereum traders also cashed in, dragging its price to $2,411.59 before a recovery late evening.
Bitcoin’s market dominance fell further to 61.9%, while Ethereum’s share rose to 9.1%, suggesting rotation of capital away from the apex cryptocurrency.
The pullback resulted in liquidations worth more than $690 million in the last 24 hours, with long liquidations accounting for $489 million.
Bitcoin’s Open Interest dropped 0.73% in the last 24 hours. Meanwhile, bets against the cryptocurrency in the Binance derivatives market fell sharply, although the majority were still bearish.
“Greed” sentiment prevailed in the …
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