Bitcoin Consolidates As Ethereum, Dogecoin And XRP Extend Gains: Analytics Firm Says ‘Significant Upsides’ Possible Long Term After Recent Sell-Off
Bitcoin traded sideways on Monday, but most leading cryptocurrencies extended gains as investors awaited the market’s rebound following a major shakeout.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.87% | $114,695.05 |
| Ethereum (CRYPTO: ETH) |
+1.55% | $4,228.94 |
| XRP (CRYPTO: XRP) | +2.76% | $2.60 |
| Solana (CRYPTO: SOL) | +6.07% | $209.90 |
| Dogecoin (CRYPTO: DOGE) | +2.97% | $0.2134 |
BTC Consolidates, ETH Inches Higher
Bitcoin’s comeback rally lost steam as the apex cryptocurrency wobbled between the high $114,000s and high $115,000s for most of the day. It was still 6.3% off its pre-“Black Friday” levels.
Ethereum, on the other hand, extended its gains, nearly reclaiming $4,300 after falling below $3,500 over the weekend. XRP and Dogecoin also went further up.
Bitcoin’s market dominance hit 58.3%, while Ethereum’s share of the cryptocurrency market fell to 13%.
Cryptocurrency liquidations hit $390 million in the last 24 hours, with nearly all amounts of longs and shorts erased from the market, according to Coinglass.
Bitcoin’s open interest fell 1.12% over the last 24 hours, following the sharp bounce on Sunday. That said, the majority of Binance traders with open BTC positions were long as of this writing.
“Fear” …
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