Bitcoin, Ethereum Flat, Dogecoin Falls Ahead Of Fed Chair Jerome Powell’s Speech: Price Target For King Crypto Could Be $194K-$352K, Says Top Analyst
Leading cryptocurrencies traded flat Sunday ahead of Federal Reserve Chair Jerome Powell’s speech on the direction of interest rate cuts in the coming months.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:45 p.m. EDT) |
| Bitcoin (CRYPTO: BTC) | -0.53% | $65,364.81 |
| Ethereum (CRYPTO: ETH) |
-0.95% | $2,642.44 |
| Dogecoin (CRYPTO: DOGE) | -3.30% | $0.1235 |
What Happened: Bitcoin spiked above $66,000 during the afternoon hours but started to descend as the evening progressed, falling as low as $65,121 overnight. Ethereum also encountered choppy behavior in the $2,600 region
Bitcoin gained more than 10% in September, its best performance in a month with a historical average loss of 3.47%. The rally has been broadly fueled by the central bank’s aggressive 0.5% rate cut earlier this month.
Total cryptocurrency liquidations exceeded $108 million in the last 24 hours, with long liquidations accounting for 60%.
The number of bearish bets for the cryptocurrency spiked dramatically vis à vis bullish long bets, according to the Long/Short Ratio.
The market sentiment continued to be one of “Greed,” according to the popular Cryptocurrency Fear & Greed Index.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. EDT) |
| FTX token (FTT) | +60.08% | $2.24 |
| Mina (MINA) | +12.07% | $0.6071 |
| Popcat (POPCAT) | +7.43% | $0.9885 |
The global cryptocurrency stood at $2.29 trillion in the …
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