Bitcoin Flat, Ethereum, Dogecoin Climb Amid US-China Trade Consensus: Analyst Says ETH Could Target $2,920 Next
Bitcoin was little changed on Tuesday even as the U.S. and China reached a trade consensus after London talks.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:45 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.07% | $109,635.63 |
| Ethereum (CRYPTO: ETH) |
+2.64% | $2,780.94 |
| Dogecoin (CRYPTO: DOGE) | +1.31% | $0.1974 |
What Happened: The apex cryptocurrency stalled after reaching an intraday high of $110,380.12. Trading volume remained thin, dropping nearly 8% in the last 24 hours.
Meanwhile, Ethereum continued to outperform its elder sibling, breaking past $2,800 for the first time since Feb. 24. Trading volume soared 48% to $38.98 billion in the 24-hour period.
Over $321 million was liquidated from the cryptocurrency market in the last 4 hours, with short position traders suffering higher losses. If Bitcoin reaches $111,000, about $240 million in shorts could be wiped out.
Bitcoin’s Open Interest cooled 1.83% in the last 24 hours following Monday’s surge. …
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