Bitcoin, Ethereum, Dogecoin, XRP Fall Amid Government Shutdown Uncertainty: Analytics Firm Says BTC Needs To Hold This Level In Short Term
Leading cryptocurrencies fell alongside stocks on Thursday, as investors reduced their risk appetite amid the government shutdown.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.55% | $121,833.80 |
| Ethereum (CRYPTO: ETH) |
-1.90% | $4,389.97 |
| XRP (CRYPTO: XRP) | -1.40% | $2.81 |
| Solana (CRYPTO: SOL) | -2.09% | $221.91 |
| Dogecoin (CRYPTO: DOGE) | -1.05% | $0.2494 |
Bitcoin Dips Below $120,000
Bitcoin saw sharp rejection after reaching $123,600, resulting in a drop below $120,000. Trading volume soared by 13% to $71 billion in the last 24 hours.
Spot exchange-traded funds tracking the apex cryptocurrency saw a net outflow of $57 million on Thursday, according to SoSo Value.
Ethereum fell below $4,500, hitting an intraday low of $4,273.56, before settling at $4,380 overnight.
Cryptocurrency liquidations topped $670 million in the last 24 hours, with over $500 million in long positions wiped, according to Coinglass.
Meanwhile, Bitcoin’s open interest rose 0.51% in the last 24 hours. An increase in open interest coming alongside a price drop typically indicates that new short positions were opened.
“Greed” sentiment weakened in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
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