Bitcoin, Ethereum, Dogecoin Recover Even As Trump Reiterates August Tariff Deadline: Analyst Sees Move To $120,000-$130,000 If BTC Breaks Above This ‘Silly Wall’
Leading cryptocurrencies recovered and stocks traded flat on Tuesday as President Donald Trump stated that the Aug. 1 deadline for tariffs remains unchanged.
| Cryptocurrency | Gains +/- | Price (Recorded at 10:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.90% | $108,766.98 |
| Ethereum (CRYPTO: ETH) |
+3.02% | $2,602.05 |
| Dogecoin (CRYPTO: DOGE) | +2.08% | $0.1702 |
What Happened: Bitcoin rallied to an intraday high of $109,198.97, recouping losses from Monday’s sell-off. Ethereum broke above $2,600 but failed to sustain the rally
Institutional interest continued to grow, as iShares Bitcoin Trust (NASDAQ:IBIT) surpassed Strategy Inc.‘s (NASDAQ:MSTR) BTC holdings.
Over $115 million was liquidated from the cryptocurrency market in the last 24 hours, with short position traders losing more. A further $260 million in Bitcoin perpetuals risked liquidation if the apex cryptocurrency rose to $111,000.
Bitcoin’s open interest rose marginally by 0.52%. Notably, the majority of top traders on Binance were positioned short as of this writing.
The “Greed” sentiment persisted in the market, according to the Crypto Fear …
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