Bitcoin, Ethereum, Dogecoin Pull Back As Israel Launches Ground Operations In Lebanon: Analyst Says Google Trends Slump For King Crypto A Bullish Thing — ‘Believe It Or Not’
Leading cryptocurrencies retraced Monday as geopolitical tensions escalated after Israel launched a military operation in Lebanon.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. EDT) |
| Bitcoin (CRYPTO: BTC) | -2.99% | $63,358.69 |
| Ethereum (CRYPTO: ETH) |
-1.03% | $2,611.87 |
| Dogecoin (CRYPTO: DOGE) | -6.84% | $0.1148 |
What Happened: Bitcoin went downhill throughout the day, at one point slipping below $63,000, wiping away gains from the previous day’s rally to $66,000.
Ethereum was comparatively less hassled, as it continued to wiggle in the $2,600 region.
The Israeli military reportedly launched a localized operation against Hezbollah targets in southern Lebanon, the latest flare-up in hostilities in the tensed Middle East region.
Cryptocurrency liquidations surpassed $225 million in the last 24 hours, the highest since Sept. 6. More than $180 million locked in long positions were erased.
Bitcoin’s Open Interest slid 1.14%, further indicating the liquidation of bullish leveraged bets.
The number of traders opening short positions for the leading cryptocurrency continued to outnumber those taking bullish positions, according to the Long/Short Ratio.
The market sentiment fell from “Greed” to “Neutral,” according to the popular Cryptocurrency Fear & Greed Index.
On a positive note, the market ended September on a high, with the biggest monthly gains ever recorded at 7.35%.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. … |
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