Bitcoin Breaks $107,000, Ethereum Dips, Dogecoin Rallies As ‘Greed’ Sentiment Takes Over: Analyst Predicts BTC ‘Primed’ For A New All-Time High
Leading cryptocurrencies rallied sharply on Sunday as investors awaited new all-time highs for Bitcoin.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +2.53% | $105,868.99 |
| Ethereum (CRYPTO: ETH) |
-1.57% | $2,438.87 |
| Dogecoin (CRYPTO: DOGE) | +6.63% | $0.2293 |
What Happened: Bitcoin tapped $107,000, the highest in nearly four months, in a sharp evening rally that saw trading volumes increase by almost 50%. The apex cryptocurrency was already up 11% in the month
Ethereum, on the other hand, sold off, plunging to an intraday low of $2,344.67 before recovering to the mid-$2,400s by late evening.
Over $575 million was liquidated from the cryptocurrency market in the last 24 hours, with bullish leveraged bets accounting for $350 million.
That said, about $465 million in Bitcoin shorts risked liquidation if the apex cryptocurrency rallied to $108,000.
Bitcoin’s Open Interest surged 5.31% in the last 24 hours to levels not seen since December 2024. Meanwhile, bearish bets against Bitcoin spiked, with over 60% of Binance traders with open BTC positions shorting the cryptocurrency.
The “Greed” barometer increased to 74, according to the Crypto Fear and Greed …
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