Bitcoin, Dogecoin, XRP Gain, While ETH Dips Further: Analytics Firm Sees ‘Calm Before The Storm’ On These BTC Indicators
Leading cryptocurrencies edged higher on Wednesday, but overall market sentiment remained cautious and marked by “Fear.”
| Cryptocurrency | Gains +/- | Price (Recorded at 9:15 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.82% | $113,254.92 |
| Ethereum (CRYPTO: ETH) |
-1.42% | $4,124.28 |
| XRP (CRYPTO: XRP) | +2.82% | $2.91 |
| Solana (CRYPTO: SOL) | -1.65% | $210.87 |
| Dogecoin (CRYPTO: DOGE) | +0.29% | $0.2398 |
Bitcoin Rebounds, Ethereum Falls
Bitcoin recovered slightly from the sharp sell-off earlier this week, nearly breaking $114,000 on the day.
Ethereum, on the other hand, dived further, hitting an intraday low of $4,081.35. The second-largest cryptocurrency is down 16.82% from its all-time high last month.
Bitcoin’s market dominance climbed to 58%, while altcoins, excluding Ethereum, accounted for more than 29%.
Nearly $270 million was liquidated from the cryptocurrency market in the last 24 hours, with long liquidations accounting for $186 million.
Bitcoin’s open interest dropped 1.35% in the last 24 hours. A drop in open interest coupled with a price increase typically signals that short sellers are closing their positions. Meanwhile, over 55% of Binance traders with open BTC positions …
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