Bitcoin, Ethereum Rise, Dogecoin Slides Amid Positive Christmas Sentiment: Analyst Cautions $110K Target For BTC Possible Only When…
Leading cryptocurrencies remained rock steady on Christmas day, retaining advances made the day before.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +1.08% | $99,024.30 |
| Ethereum (CRYPTO: ETH) |
+0.06% | $3,474.92 |
| Dogecoin (CRYPTO: DOGE) | -1.67% | $0.332 |
What Happened: Bitcoin sailed to a one-week high of $99,800 during overnight trading, narrowly missing the crucial $100,000 milestone. The leading cryptocurrency hit $98,000 just a day earlier on Christmas Eve, defying days of downward price action.
Ethereum witnessed a bumpy trajectory, wobbling between $3,440 and $3,510. Trading volumes for both blue-chip currencies were down significantly.
Over $200 million was liquidated from the market in the last 24 hours, with long liquidations accounting for $115 million.
Bitcoin’s Open Interest rose marginally by 0.24% in the last 24 hours. The number of traders placing upside bets on the cryptocurrency declined vis-à-vis those betting against it, according to the Long/Short Ratio.
Funding rates rose …
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