Bitcoin, Ethereum, Dogecoin, XRP Tumble As Crypto Liquidations Top $1 Billion: Top Analyst Says ETH Could Retrace Sharply Before Hitting $10,000
Leading cryptocurrencies tumbled alongside stocks on Thursday, as the U.S.-China trade truce failed to cheer investors.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:25 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.47% | $109,886.40 |
| Ethereum (CRYPTO: ETH) |
-1.51% | $3,854.81 |
| XRP (CRYPTO: XRP) | -3.40% | $2.47 |
| Solana (CRYPTO: SOL) | -3.88% | $186.51 |
| Dogecoin (CRYPTO: DOGE) | -3.70% | $0.1853 |
Bitcoin, Ethereum Extend Losses
Bitcoin’s descent continued as the apex cryptocurrency sank to an intraday low of $106,376.69. Trading volume jumped 16%, indicating high downside pressure.
Ethereum dipped below $3,700 late evening, but recovered some losses overnight. XRP and Solana fell over 3% in the last 24 hours.
Bitcoin’s market dominance nearly hit 60%, while Ethereum’s share dropped to 12.6%.
Over $1 billion was liquidated from the cryptocurrency market in the last 24 hours, according to Coinglass, with $950 million in long positions evaporated.
That said, nearly $580 million in Bitcoin shorts risked liquidation if the apex cryptocurrency rebounds to $117,000.
Bitcoin’s open interest fell 2.42% in the last 24 hours, although the percentage of Binance …
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