Bitcoin, Ethereum, XRP, Dogecoin Fall Even As Stocks Spike After Q3 Nvidia Earnings: Analyst Suggests BTC Whales Are Pivoting From Dumping To Buying
Leading cryptocurrencies failed to capitalize on the recent spike, even as stock futures lifted after Nvidia Corp. (NASDAQ:NVDA) reported stronger-than-expected third-quarter financials.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:25 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.17% | $92,245.67 |
| Ethereum (CRYPTO: ETH) |
-2.39% | $3,031.47 |
| XRP (CRYPTO: XRP) | -3.61% | $2.12 |
| Solana (CRYPTO: SOL) | -1.44% | $138.96 |
| Dogecoin (CRYPTO: DOGE) | -3.36% | $0.1553 |
Relief Rally Loses Momentum
Bitcoin bounced from the lows of $88,500, reaching an intraday high of $92,000s overnight, even as trading volume tumbled 20% in the last 24 hours.
Ethereum’s relief bounce also lost steam, as the second-largest cryptocurrency fell to an intraday low of $2,871.23.
Shares of Bitcoin holding company Strategy Inc. (NASDAQ:MSTR) plunged over 9% in the regular trading session.
Benzinga Edge delivers real-time stock alerts, trade ideas, and professional investing tools to help you navigate the market. Find out more about MSTR here.
Cryptocurrency liquidations exceeded $650 million in the last 24 hours, according to Coinglass, with over $480 million in bullish longs liquidated.
That said, roughly $383 million in shorts could be liquidated if Bitcoin reclaimed $95,000.
Bitcoin’s open interest rose 2.74% in the last 24 hours. Over 75% of Binance traders with open BTC positions …
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