Bitcoin, Ethereum, Dogecoin Slip As Investors Anticipate Trump-Jinping Call: Too Early For An ETH Top? This Analyst Says $3000 Is On Target
Leading cryptocurrencies fell on Tuesday ahead of the high-stakes call between President Donald Trump and Chinese President Xi Jinping.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.59% | $105,652.90 |
| Ethereum (CRYPTO: ETH) |
-0.54% | $2,613.79 |
| Dogecoin (CRYPTO: DOGE) | -1.47% | $0.1952 |
What Happened: Bitcoin reached an intraday high of $106,813.58 in the early trading hours before hitting a ceiling and falling back to the $105,000 region. Ethereum, the second-largest cryptocurrency, recorded a similar trajectory, rallying to $2,650 before reversing to the late $2,500s.
The two blue-chip currencies recorded a dip in 24-hour trading volumes.
The cryptocurrency market saw some drama after a cryptocurrency wallet bearing the Trump name surfaced. However, the Trump family denied any involvement with the wallet.
About $155 million was liquidated from the cryptocurrency market in the last 24 hours, with bullish bets worth $94 million getting erased.
Bitcoin’s Open Interest dropped 2.48% in the last 24 hours, while Ethereum experienced a 317% drop in funds locked in derivatives. Binance traders with open BTC positions increased …
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