Bitcoin Rises As Fed Governor Backs Three Rate Cuts In 2025; Ethereum, Dogecoin, XRP Correct: ETH May Have More Room To Run, Says Analyst
Bitcoin gained, but altcoins pulled back from Sunday amid Federal Reserve Governor’s dovish comments on rate cuts.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:15 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +2.19% | $119,209.81 |
| Ethereum (CRYPTO: ETH) |
-0.64% | $4,277.56 |
| XRP (CRYPTO: DOGE) | -0.85% | $3.19 |
| Solana (CRYPTO: XRP) | -0.13% | $181.83 |
| Dogecoin (CRYPTO: SOL) | -3.55% | $0.2332 |
ETH’s Market Dominance Hits 8-Month High
The apex cryptocurrency ticked higher, alongside a 22% jump in trading volume over the last 24 hours.
Ethereum, which smashed past $4,300 during the weekend, corrected slightly, with trading activity contracting 25% in the 24-hour period.
ETH’s market dominance sailed past 13% for the first time in eight months, while Bitcoin’s market share dipped below 60%.
XRP slid 0.50%, although the third-largest cryptocurrency looked set to finish the week in the green.
Nearly $300 million was liquidated from the cryptocurrency market in the last 24 hours, with $166 million in bullish longs wiped out.
Bitcoin’s open interest rose 1.36% in the last 24 hours. Meanwhile, ETH’s open interest soared 26% in the last week, hitting new highs.
“Greed” sentiment strengthened in the last 24 hours, according to the …
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