Bitcoin Flirts With $112,000 — Ethereum, Dogecoin Spike Even As Stocks Flat On Debt Worries: Analytics Platform Sees Challenge For BTC At This Level
Leading cryptocurrencies surged higher Thursday, even as stocks remained sluggish due to President Donald Trump’s tax bill-induced debt fears.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +1.30% | $111,396.80 |
| Ethereum (CRYPTO: ETH) |
+3.81% | $2,686.39 |
| Dogecoin (CRYPTO: DOGE) | +2.67% | $0.2474 |
What Happened: Bitcoin nearly reached $112,000 during the day, as part of a record-breaking rally that has put the top cryptocurrency into a tailspin.
Ethereum, the second-largest cryptocurrency, also went up roughly 4% during the day, raising its market dominance to 9.3%.
Bitcoin was up over 18% in May, while Ethereum’s month-to-date gains shot past 47% as of this writing.
Over $300 million was liquidated from the cryptocurrency market in the last 24 hours, with shorts again bearing the brunt.
Bitcoin’s Open Interest was largely unchanged in the last 24 hours, while Ethereum witnessed a 9% jump in funds …
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