Bitcoin, Ethereum, XRP, Dogecoin Tumble As Crypto Liquidations Hit $1.5 Billion: Analytics Firm Warns ‘Sticky Inflation’ Could Push BTC Lower
Leading coins diverged from stocks on Monday as ‘Fear’ sentiment gripped the cryptocurrency market.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:10 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.69% | $112,511.87 |
| Ethereum (CRYPTO: ETH) |
-3.51% | $4,189.92 |
| XRP (CRYPTO: XRP) | -2.61% | $2.84 |
| Solana (CRYPTO: SOL) | -6.08% | $219.44 |
| Dogecoin (CRYPTO: DOGE) | -3.95% | $0.2405 |
Crypto Liquidations Hit $1.5 Billion
Bitcoin fell below $113,000 and spent the rest of the day in the $112,000 region. Bitcoin spot exchange-traded funds recorded net outflows of over $360 million on Sept. 22, according to SoSo Value.
Similarly, Ethereum plunged to an intraday low of $4,092.40 and wobbled in the $4,100-$4,200 zone.
Bitcoin and Ethereum, which reached all-time highs last month, are down 9.59% and 15.6%, respectively, since their peak.
Liquidations in the last 24 hours hit $1.5 billion, with $1.34 billion in long positions wiped out.
Bitcoin’s open interest dipped by 1% in the last 24 hours, while funds locked in Ethereum derivatives plunged 7%. Interestingly, the percentage of Binance traders going long on Bitcoin increased to 59% from 55%, according to …
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