Bitcoin, Ethereum, Dogecoin Rise Amid Tesla-Fueled Tech Stocks Rally: Popular Analyst Says BTC Could Reach $138K Before ‘Major Pullback’
Leading cryptocurrencies inched higher Monday, coinciding with a surge in tech stocks.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +0.60% | $91,007.28 |
| Ethereum (CRYPTO: ETH) |
+1.49% | $3,158.99 |
| Dogecoin (CRYPTO: DOGE) | +2.23% | $0.3725 |
What Happened: Bitcoin exhibited choppy movement, oscillating between $92,000 and $89,000. The leading cryptocurrency has lost momentum since smashing past $93,000 last week.
Ethereum moved slightly northward, reaching an intraday high of $3,225 before rapidly retreating to $3,150.
In the past 24 hours, 114,745 traders were liquidated, with the total liquidations at $329.61 million. Over $200 million in upside bets was wiped out.
The Open Interest (OI) in Bitcoin futures rose 2% in the last 24 hours, suggesting sustained speculative interest.
The number of traders holding Bitcoin long positions climbed considerably over the previous 24 hours, signaling expectations that the rally will resume.
The “Extreme Greed” sentiment increased to 90, as per the Cryptocurrency Fear and Greed Index.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Hedera (HBR) | +40.64% | $0.1395 |
| Tezos (XTZ) | +40.27% | $1.13 |
| Akash Network (AKT) | +38.64% | $4.55 |
The global cryptocurrency market capitalization stood at $3.08 trillion, rising 1.84% …
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