Bitcoin, Ethereum, Dogecoin, XRP Drop As Rate Cut Bets Increase: Analyst Expects ‘Fast Move’ To The Upside For ETH If Bulls Reclaim This Zone
Leading cryptocurrencies corrected on Monday, while stocks rallied, as investors braced for the Federal Reserve’s decision on rate cuts and President Donald Trump’s meeting with Chinese President Xi Jinping.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:25 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.69% | $114,227.40 |
| Ethereum (CRYPTO: ETH) |
-1.26% | $4,128.48 |
| XRP (CRYPTO: XRP) | -0.39% | $2.64 |
| Solana (CRYPTO: SOL) | -1.92% | $200.38 |
| Dogecoin (CRYPTO: DOGE) | -3.20% | $0.2009 |
Cryptos Give Up Gains
Bitcoin failed to hold on to its Sunday gains, retreating back to the $114,000 range. Trading volume, meanwhile, jumped 35% in the last 24 hours, indicating high selling pressure.
Ethereum also corrected, down 1.26% in the 24-hour period, while the token’s trading volume lifted 27%. XRP and Solana also retraced.
Cryptocurrency liquidations hit $307 million in the last 24 hours, with more than $190 million in long positions wiped out, according to Coinglass.
Bitcoin’s open interest fell marginally by 0.10%, although the majority of Binance traders with open BTC positions remained long as of this writing.
The market remained in a “Neutral” state, according to the Crypto Fear & Greed …
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