Bitcoin Tumbles As Trump Reignites China Trade Tensions; Ethereum, XRP, Dogecoin Fall: Analyst Says BTC ‘Must’ Reclaim This Level Or Drop Below $100K
The comeback rally was short-lived as President Donald Trump’s latest trade barb against China sent leading cryptocurrencies lower on Tuesday.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.83% | $112,566.06 |
| Ethereum (CRYPTO: ETH) |
-3.26% | $4,089.40 |
| XRP (CRYPTO: XRP) | -4.03% | $2.49 |
| Solana (CRYPTO: SOL) | -3.42% | $202.68 |
| Dogecoin (CRYPTO: DOGE) | -4.50% | $0.2037 |
Bitcoin Sinks To $110,000
Bitcoin plummeted to an intraday low at $110,029.49 as the apex cryptocurrency failed to sustain its recovery rally. Trading volume jumped 33% in the last 24 hours, signaling high selling pressure.
BTC’s correction sent ripples across the market, sending Ethereum below $3,900 before a recovery to $4,000. XRP and Dogecoin also recorded sharp declines.
October hasn’t panned out as expected, with BTC and ETH down 0.82% and 0.99% in a month that has historically generated good returns.
Cryptocurrency liquidations hit $690 million in the last 24 hours, with over $480 million in long positions erased from the market, according to Coinglass.
Bitcoin’s open interest fell 2.16% over …
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