Bitcoin Breaks $116,000, Ethereum, Dogecoin Soar As Crypto Investors Shrug Off Tariff Concerns: Analyst Says This Is Your ‘Last Chance’ To Catch ETH’s Breakout
Leading cryptocurrencies scripted another strong rally Thursday, despite President Donald Trump’s tariff moves casting a pall over the market.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:10 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +4.09% | $115,629.51 |
| Ethereum (CRYPTO: ETH) |
+6.22% | $2,931.12 |
| Dogecoin (CRYPTO: DOGE) | +7.76% | $0.1922 |
What Happened: Bitcoin blasted to a new record high above $116,000 in the evening, as trading volume for the apex cryptocurrency spiked 62% to a whopping $96 billion in the last 24 hours.
Ethereum was closing in on $3,000, hitting levels last seen in early February.
The second-largest cryptocurrency’s market share jumped to 9.8%, while Bitcoin’s dominance slipped below 64%.
Over $1 billion was liquidated from the market in the last 24 hours, with $969 million in downside bets erased.
Bitcoin’s open interest increased by 2.86% in the last 24 hours to an all-time high of $81.35 billion. Notably, the long/short ratio was below 1, indicating a higher number of short bets compared to long bets.
The “Greed” sentiment strengthened in the market, according …
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