Bitcoin Falls As Trump Officials Talk Tough On China; Ethereum, XRP, Dogecoin Also Drop: Analytics Firm Says Look Out For This ‘Key Signal’ On BTC
Leading cryptocurrencies fell on Wednesday, but stocks recovered, as the Trump administration remained resolute in its stance against China.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.48% | $110,900.78 |
| Ethereum (CRYPTO: ETH) |
-2.29% | $3,995.86 |
| XRP (CRYPTO: XRP) | -3.41% | $2.41 |
| Solana (CRYPTO: SOL) | -4.15% | $194.27 |
| Dogecoin (CRYPTO: DOGE) | -3.37% | $0.1969 |
Crypto Market Falters
Bitcoin meandered in the $111,000 region as trading volume declined sharply. Spot exchange-traded funds linked to the asset recorded net outflows of more than $90 million on Oct. 15, according to SoSo Value.
Ethereum dipped below $4,000 but found good support in the $3,900 zone. Trading volume declined 27% over the last 24 hours. XRP and Dogecoin also edged lower.
Cryptocurrency liquidations reached $442 million in the last 24 hours, with nearly $400 million in long positions wiped out from the market, according to Coinglass. That said, nearly $500 million in BTC shorts risked liquidation if the asset rebounds to $115,000
Bitcoin’s open interest declined 1.77% in the last 24 hours, and more than 23% since the all-time highs hit earlier this month.
“Fear” sentiment continued to define …
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