Bitcoin Flat As Jerome Powell Flags Fed Dilemma; Ethereum, Dogecoin, XRP Also Stuck: Analyst Foresees ETH Rebound If This Happens
Leading cryptocurrencies failed to breakout on Tuesday, while stocks pulled back from highs, as Federal Reserve Chair Jerome Powell issued a cautionary note.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:15 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.07% | $112,369.61 |
| Ethereum (CRYPTO: ETH) |
-0.08% | $4,184.61 |
| XRP (CRYPTO: XRP) | -0.37% | $2.83 |
| Solana (CRYPTO: SOL) | -1.87% | $214.76 |
| Dogecoin (CRYPTO: DOGE) | -0.21% | $0.2394 |
Institutional Interest Fades For BTC
Bitcoin sank below $112,000 as the ongoing downturn tested the patience of the bulls. Ethereum was stuck in the $4,100-$4,200 zone. Trading volume for the two blue-chip currencies dropped significantly.
Outflows from Bitcoin exchange-traded funds increased to over $100 million on Sept. 23, according to SoSo Value, indicating tepid institutional interest.
Bitcoin’s dominance remained below 58%, while Ethereum’s market share dropped to 13%.
Over $260 million were liquidated from the cryptocurrency market in the last 24 hours, with long liquidations accounting more than half of the total.
Bitcoin’s open interest rose by a modest …
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