Bitcoin, Dogecoin, Solana Gain; Ethereum Steady: Analyst Says BTC’s Breakout Past This Level Could Be A ‘Massive Trigger’
Leading cryptocurrencies traded higher on Sunday, as investors braced for a week marked by key inflation data.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.26% | $110,807.77 |
| Ethereum (CRYPTO: ETH) |
-0.14% | $4,288.17 |
| XRP (CRYPTO: XRP) | +2.05% | $2.87 |
| Solana (CRYPTO: SOL) | +1.92% | $205.89 |
| Dogecoin (CRYPTO: DOGE) | +5.03% | $0.2279 |
Bitcoin Moves In A Sideways Market
Bitcoin failed to break past the $112,000 resistance, oscillating within the tight trading range between $110,500 and $111,500. The coin’s trading volume rose 22% in the last 24 hours.
Strategy Inc. (NASDAQ:MSTR) chairman Michael Saylor dropped a cryptic post, saying, “Needs More Orange,” fueling speculation that his Bitcoin treasury company may make additional purchases.
Ethereum reached an intraday high of $4,334.27, but then fell below $4,300 late in the evening. Solana lifted nearly 2% over the last 24 hours..
About $140 million was liquidated from the cryptocurrency market in the last 24 hours, with $87 million in bearish shorts wiped out. Over $330 million in Bitcoin shorts risked liquidation if the leading cryptocurrency rises to $113,000.
Bitcoin’s open …
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