Bitcoin, Ethereum, Dogecoin Rise As China Counters Trump’s Trade Deal Breach Claim: Analyst Says BTC Success Riding On Health Of US Economy
Leading cryptocurrencies climbed on Monday, despite rising trade tensions between the U.S. and China.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +0.72% | $106,306.77 |
| Ethereum (CRYPTO: ETH) |
+3.49% | $2,622.12 |
| Dogecoin (CRYPTO: DOGE) | +1.51% | $0.1968 |
What Happened: Bitcoin surpassed $106,000 overnight, after fluctuating between $104,000 and $105,000 throughout the day. Trading volume jumped 30% from the previous day.
Similarly, Ethereum broke past $2,600 in the late evening rally, with volume rising by over 43% in the last 24 hours. The spike comes after co-founder Vitalik Buterin said that the blockchain’s base layer will be scaled by 10x in about a year.
Bitcoin’s market dominance narrowed to 63.8%, while Ethereum’s share of the market widened to 9.5%
More than $200 million was liquidated from the cryptocurrency market in the last 24 hours, with bearish bets accounting for 62% of the total liquidations.
Moreover, nearly $363 million in shorts risked liquidation if BTC rallied to $108,000.
Ethereum’s Open Interest jumped 7.22% in the last 24 hours, reaching a new all-time high of $36.46 billion. More than 60% of Binance traders with open …
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