Bitcoin, Ethereum, Dogecoin Power Down Amid South Korea Political Turmoil: Analyst Shares Strategy For Altcoin Holders — Avoid Chasing FOMO, Take Profits
Leading cryptocurrencies traded flat Tuesday even as the stock market closed at new records.
| Cryptocurrency | Gains +/- | Price (Recorded at 7:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | -0.35% | $95,699.46 |
| Ethereum (CRYPTO: ETH) |
-0.27% | $3,627.03 |
| Dogecoin (CRYPTO: DOGE) | -1.50% | $0.4143 |
What Happened: Bitcoin had a rocky journey, falling to $93,645 in the morning before recovering to $96,000.
The volatility came amid huge political drama in South Korea, as President Yoon Suk Yeol revoked a martial law decree just hours after it was announced.
Bitcoin’s market dominance fell by more than 6%, while altcoins recorded a significant jump in share.
The volatile movement led to more than $621 million in cryptocurrency liquidations in the last 24 hours, with bullish leveraged bets accounting for $389 million.
Bitcoin’s Open Interest (OI) fell by 2.26% in the last 24 hours. Interestingly, most top traders, i.e., those with the highest margin balance, continue to be bullish on Bitcoin, as per the Long/Shorts Ratio.
The “Extreme Greed” strengthened from 76 to 78 in the last 24 hours, per the Cryptocurrency Fear & Greed Index, indicating expectations of future upsides.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at 7:45 p.m. ET) |
| Reserve … |
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