Bitcoin, XRP, Dogecoin Climb As ‘Greed’ Sentiment Returns; Ethereum Trades Flat — Analytics Firm Gives Its Take On ‘Deep’ BTC Correction
Leading cryptocurrencies advanced on Tuesday as institutional investors pumped in millions.
| Cryptocurrency | Gains +/- | Price (Recorded at 10:15 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +1.66% | $111,119.12 |
| Ethereum (CRYPTO: ETH) |
-0.18% | $4,317.58 |
| XRP (CRYPTO: XRP) | +3.09% | $2.85 |
| Solana (CRYPTO: SOL) | +5.98% | $211.51 |
| Dogecoin (CRYPTO: DOGE) | +1.67% | $0.2142 |
‘Greed’ Sentiment Is Back
Bitcoin reached an intraday high of $111,782.28 in early trading hours and subsequently consolidated around that level.
The sentiment improved after leading cryptocurrency treasury company Strategy Inc. (NASDAQ:MSTR) disclosed it purchased about $450 million in BTC.
Additionally, Bitcoin spot exchange-traded funds recorded $260 million in net inflows as of Sept. 2, according to SoSo Value.
Ethereum meandered in the $4,300 region for the most part, even as the coin’s trading volume popped 9% in the last 24 hours. XRP reclaimed $2.80, surging over 3% in the 24-hour period.
Over $267 million was liquidated from the cryptocurrency market in the last 24 hours, with short position traders bearing the brunt of the losses.
Bitcoin’s open interest rose 1.46% in the last 24 hours. Over 60% of Binance traders with open BTC positions were long as of …
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