Bitcoin Flat, Ethereum, Dogecoin Slip: Analyst Firm Sees ‘Significant Recovery’ In Retail Interest But A Pullback Might Be Imminent
Leading cryptocurrencies dipped on Wednesday as investors took profits on the recent advances.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | -0.62% | $103,341.39 |
| Ethereum (CRYPTO: ETH) |
-1.75% | $2,595.81 |
| Dogecoin (CRYPTO: DOGE) | -4.66% | $0.2310 |
What Happened: Bitcoin wiggled between $103,000 and $104,000 throughout the day, even as trading volume for the coin dipped nearly 12% in the last 24 hours.
Ethereum slipped below $2,600 in a wave of profit-taking after the second-largest cryptocurrency pushed beyond a 10-week high of $2,700 the day before.
Over $280 million was liquidated from the cryptocurrency market in the last 24 hours, with bullish long bets accounting for 76%.
Meanwhile, nearly $500 million in Bitcoin shorts risked liquidation if the apex cryptocurrency rallied to $106,000.
Bitcoin’s Open Interest fell 1.87% in the last 24 hours, while bets against the cryptocurrency in the Binance derivatives market stayed more than 50%
The magnitude of “Greed” sentiment fell from 73 to 70, according …
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