Bitcoin, Ethereum, Dogecoin Lose Sheen Ahead Of Holidays But Top Analyst Points To This Indicator, Says BTC Will Hit A Top Above $168K
Leading cryptocurrencies traded in the red on Sunday as risk aversion intensified ahead of the holidays.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | -2.03% | $94,810.09 |
| Ethereum (CRYPTO: ETH) |
-1.76% | $3,283.41 |
| Dogecoin (CRYPTO: DOGE) | -1.07% | $0.3124 |
What Happened: Bitcoin went downhill after being faced with strong resistance from the bears at $97,000. The apex cryptocurrency was down nearly 11% over the week and 2.15% since December began.
Ethereum’s move above $3,600 was short-lived as the second-largest cryptocurrency reversed course, falling to an intraday low of $3,220.
Both the blue-chip cryptocurrencies witnessed thin trading volume in the last 24 hours.
Over $276 million was liquidated from the market in the last 24 hours, with long liquidations accounting for $204 million.
Around $635 million in short positions risked liquidation if Bitcoin rebounds to $100,000.
Bitcoin’s Open Interest dropped 1.46% in the last 24 hours. However, the percentage of trader accounts on Binance placing long positions on the coin surged to 60%.
The market remained engulfed in the “Greed” sentiment, according to the Cryptocurrency Fear & Greed Index.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| BitTorrent [New] (BTT) | +8.26% | $0.000001154 |
| Aave (AAVE) | +7.23% | $320.23 |
| FTX … |
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