Bitcoin Tops $126,000; Ethereum, XRP, Dogecoin Also Gain: ETH Will Pump Like Gold, Says This Analyst
Leading cryptocurrencies rose further on Monday as investors continued to rotate capital into risky assets.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.63% | $124,566.84 |
| Ethereum (CRYPTO: ETH) |
+3.36% | $4,670.30. |
| XRP (CRYPTO: XRP) | +0.25% | $2.98 |
| Solana (CRYPTO: SOL) | +0.80% | $231.48 |
| Dogecoin (CRYPTO: DOGE) | +4.74% | $0.2648 |
BTC’s Bull Run Continues
Bitcoin extended its rally, hitting a new all-time highs past $126,000. Ethereum also reclaimed $4,700 late in the afternoon, but fell back to roughly $4,670 overnight.
XRP and Solana recorded modest gains. Altcoin Season was yet to start, according to the readings on the CMC Altcoin Season Index.
Morgan Stanley’s latest wealth report advised clients to allocate only a small portion of their portfolios to cryptocurrency, up to 2% for conservative investors and up to 4% for those seeking higher growth.
Cryptocurrency liquidations, meanwhile, reached $328 million in the last 24 hours, with short liquidations accounting for the majority, according to Coinglass.
Bitcoin’s open interest rose further by 1.51% to $93.89 billion, while the majority Binance futures traders were positioned bearish, according to the Long/Short ratio.
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