Bitcoin, Ethereum, XRP, Dogecoin Weaken Ahead Of Fed Rate Move: Analyst Says BTC’s Move Past This Level Could ‘Open The Path’ To $143,000
Leading cryptocurrencies fell on Tuesday, while stocks surged to record highs, ahead of the Federal Reserve’s widely anticipated interest rate cut.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:25 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.77% | $112,213.85 |
| Ethereum (CRYPTO: ETH) |
-3.80% | $3,971.82 |
| XRP (CRYPTO: XRP) | -1.05% | $2.61 |
| Solana (CRYPTO: SOL) | -3.31% | $193.77 |
| Dogecoin (CRYPTO: DOGE) | -3.67% | $0.1934 |
Bitcoin Fails To Move Past $116,000
Bitcoin recorded another day of significant trading activity, with volumes surging 11% in the last 24 hours. The coin rose to an intraday high of $116,078, before falling back to the $112,000 level.
Ethereum sank below $4,000, failing to capitalize on its gains on Sunday. XRP and Solana also declined.
About $400 million in bullish longs were liquidated from the cryptocurrency market in the last 24 hours, according to Coinglass.
That said, nearly $580 million in Bitcoin shorts risked liquidation if the apex cryptocurrency rebounds to $117,000.
Bitcoin’s open interest fell 2.10% in the last 24 hours, although more than 60% of Binance traders with open BTC positions expected the price to rise, according to the Long/Short ratio.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:25 p.m. … |
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