Bitcoin, Ethereum, Dogecoin, XRP Dive As Crypto Enters ‘Fear’ Zone: Analyst Says BTC ‘Always Follows’ Gold As Precious Metal Charts New Highs
Leading cryptocurrencies fell alongside stock futures on Sunday, as investors digested the Federal Reserve’s 25-basis-point rate cut.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:10 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.01% | $114,547.25 |
| Ethereum (CRYPTO: ETH) |
-3.09% | $4,351.52 |
| XRP (CRYPTO: XRP) | -2.32% | $2.92 |
| Solana (CRYPTO: SOL) | -3.19% | $233.10 |
| Dogecoin (CRYPTO: DOGE) | -6.95% | $0.2503 |
Crypto Market In ‘Fear’
Bitcoin dived below $115,000 overnight, breaking below its seven-day simple moving average. The trading volume rose 12.53% to $25.47 billion in the last 24 hours.
Ethereum also plunged to a low of $4,328 in overnight trading, while trading volume spiked 27%.
Both market heavyweights have delivered a strong third quarter so far, posting returns of 7.67% and 74.4%, respectively, surpassing their average gains for the period.
Over $520 million was liquidated from the cryptocurrency market in the last 24 hours, with long liquidations accounting for $449 million.
Bitcoin’s open interest dropped 0.95% in the last 24 hours to $82.80 billion. The majority of Binance futures traders with open BTC positions were still long on the leading cryptocurrency.
The market slipped into the “Fear” zone from “Neutral,” according to the Crypto …
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