Bitcoin, Ethereum, Dogecoin Pop As Inflation Numbers Softer Despite Trump Tariffs: Analyst Says Cocktail For BTC’s ‘Ballistic’ Rise In The Works
Leading cryptocurrencies rose Tuesday, as softer-than-expected consumer inflation bolstered risk appetite.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +1.41% | $103,877.58 |
| Ethereum (CRYPTO: ETH) |
+8.92% | $2,688.48 |
| Dogecoin (CRYPTO: DOGE) | +5.85% | $0.2396 |
What Happened: Bitcoin nearly reached $105,000 late afternoon before reversing course to the mid-$103,000s.
Ethereum breached $2,700 for the first time since Feb. 25, helped by a 9% rally over the last 24 hours.
Ethereum’s market dominance increased further to 9.6%, while Bitcoin’s pie shrank to 61%
The rally eroded over $240 million in bearish bets in the last 24 hours, while the total liquidations shot up to $387 million.
Bitcoin’s Open Interest rose 0.87% in the last 24 hours, although bets against the cryptocurrency in the Binance derivatives market increased to 59% of the total.
The magnitude of the “Greed” sentiment increased from 70 to 73, according to the Crypto Fear and …
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