Bitcoin, Dogecoin, XRP Gain; Ethereum Trades Flat: Analyst Predicts ETH Reversal Before Q4 Parabolic Rally
Leading cryptocurrencies rose in tandem with stocks on Monday, as investors increased their risk appetite ahead of key inflation data reports.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:15 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.57% | $111,500.30 |
| Ethereum (CRYPTO: ETH) |
-0.08% | $4,288.94 |
| XRP (CRYPTO: XRP) | +2.82% | $2.95 |
| Solana (CRYPTO: SOL) | +3.55% | $213.45 |
| Dogecoin (CRYPTO: DOGE) | +4.68% | $0.2381 |
Bitcoin Continues To Test Patience
Bitcoin rose to an intraday high of $112,869.24 before falling back to the early $111,000s overnight. The leading coin’s trading volume jumped 58% to $40 billion over the last 24 hours.
SEC filings showed Strategy Inc. (NASDAQ:MSTR) purchased about $217.4 million in Bitcoin last week, financed through its at-the-market programs.
Ethereum followed a similar trajectory, retreating after hitting an intraday high of $4,381.28. Trading volume surged 76% in the 24-hour period. XRP rose 2.82% over the previous day.
Bitcoin’s dominance narrowed to 57.5%, while Ethereum’s market share remained steady just above 13%.
Over $330 million was liquidated from the cryptocurrency market in the last 24 hours, with $209 million in bearish shorts erased.
Bitcoin’s open interest rose 2.48% in the last 24 hours, aligning with the slight jump in spot price. Over 60% of Binance’s top traders, or the top 20% of users with the biggest margin …
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