Bitcoin, Ethereum, Dogecoin Encounter Memorial Day Dip: ‘Tremendous’ Opportunity In ETH Falling Below $2,400, Says Analyst
Leading cryptocurrencies fell Monday as trading remained tepid on the Memorial Day holiday.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | -1.23% | $108,006.73 |
| Ethereum (CRYPTO: ETH) |
-1.41% | $2,523.05 |
| Dogecoin (CRYPTO: DOGE) | -2.60% | $0.2203 |
What Happened: Bitcoin surged to an intraday high of $110,376.88 in the afternoon before dropping to a low of $107,600 overnight. Ethereum recorded a similar dip in the late hours.
The two blue-chip cryptocurrencies, BTC and ETH, saw slight increases in trading volumes, at 5.47% and 3.54%, respectively.
About $190 million was liquidated from the cryptocurrency market in the last 24 hours, with $136 million in bullish bets getting wiped out.
Bitcoin’s Open Interest was largely unchanged in the last 24 hours. Over the week, though, the money locked in derivatives has risen nearly 6%.
About 58% of top trader accounts on Binance with open BTC positions were short as of this writing.
The “Greed” sentiment prevailed in the market, as indicated by the Crypto Fear and Greed Index.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price … |
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