Bitcoin Hits New High After Breaking $125,000 Barrier; Ethereum, Dogecoin, XRP Rise: Analyst Says BTC ‘Well Inside Bullish Territory’
Leading cryptocurrencies rose on Sunday, as investors maintained their optimism about the market in October.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +1.09% | $123,616.31 |
| Ethereum (CRYPTO: ETH) |
+0.69% | $4,508.80 |
| XRP (CRYPTO: XRP) | +0.23% | $2.97 |
| Solana (CRYPTO: SOL) | +0.78% | $228.85 |
| Dogecoin (CRYPTO: DOGE) | +0.57% | $0.2522 |
Bitcoin Enters Record Territory
Bitcoin broke $125,000 to set a new all-time high, with trading volume more than doubling in the last 24 hours to a whopping $76 billion.
The momentum spread to the rest of the market, as Ethereum surpassed $4,600 after two weeks, while XRP and Solana both rose. ETH was still 8.57% away from its all-time high.
Bitcoin dominance increased to 58.5%, while Ethereum maintained a market share of 13%.
Cryptocurrency liquidations reached $427 million in the last 24 hours, with over $242 million in short positions wiped out, according to Coinglass.
Meanwhile, Bitcoin’s open interest jumped 4.26% over the last 24 hours. Interestingly, over 60% of Binance traders with open BTC positions were short as …
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