Bitcoin, Ethereum, Dogecoin Dip, While XRP Ticks Up: Analyst Assumes BTC Will Test New Lows In Upcoming Week
Leading cryptocurrencies inched lower on Sunday as investors maintained a subdued risk appetite.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.34% | $95,071.29 |
| Ethereum (CRYPTO: ETH) |
-0.48% | $3,138.92 |
| XRP (CRYPTO: XRP) | +0.93% | $2.23 |
| Solana (CRYPTO: SOL) | -0.12% | $138.79 |
| Dogecoin (CRYPTO: DOGE) | -1.39% | $0.1595 |
Bitcoin Extends Losses
Bitcoin tumbled below $93,000, extending the leading cryptocurrency’s ongoing decline. Trading volume more than doubled over the last 24 hours, signaling high selling pressure.
Ethereum bounced off its support at $3,000 late evening, with trading volume jumping 71% to $32.16 billion.
Cryptocurrency liquidations topped $620 million in the last 24 hours, according to Coinglass, with nearly $400 million accounting for bullish long positions.
Bitcoin’s open interest rose 1.41% in the last 24 hours. A rise in open interest, coming alongside a dip in spot price, typically indicates that new money is entering the market through short selling.
“Extreme Fear” dominated the market, according to the Crypto Fear …
About The Author
