Bitcoin Rises Amid Trump Media’s Massive Purchase, But Ethereum, Dogecoin Score Greater Gains: Analyst Sees New BTC All-Time High If It Breaks Past This Level
Leading cryptocurrencies rose Monday amid President Donald Trump-owned company’s $2 billion Bitcoin purchase announcement.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.59% | $117,892 |
| Ethereum (CRYPTO: ETH) |
+2.00% | $3,797.00 |
| Dogecoin (CRYPTO: DOGE) | +2.42% | $0.2732 |
What Happened: Bitcoin fell from highs of $119,000 to an intraday low of $116,233. The apex cryptocurrency has slipped 1.39% over the last week as the fervent rally cools off.
In a notable development, Trump Media & Technology Group Corp. (NASDAQ:DJT) revealed that it has accumulated approximately $2 billion in Bitcoin and Bitcoin-related securities
Meanwhile, Ethereum surpassed $3,800 for the first time in over seven months, wiping off nearly all of its losses since the mid-December pullback.
Cryptocurrency liquidations hit nearly $500 million in the last 24 hours, with $268 million in upside bets wiped out.
That said, about $512 million worth of Bitcoin short positions risked liquidation if the apex cryptocurrency rebounded to $120,000.
Bitcoin’s open interest rose 1.48% in the last 24 hours. Ethereum’s open interest jumped 3.95% to an all-time high of $58 billion.
Over 50% of Binance traders with open BTC positions were betting …
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