Bitcoin, Ethereum, Dogecoin Consolidate, While XRP Dips: Popular Analyst Spots ‘Bearish’ Flag On BTC Chart, Says Drop To $79,000 Possible
Leading cryptocurrencies traded sideways, while stocks climbed higher on Tuesday as optimism grew over a potential interest rate cut in December.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:25 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.68% | $87,450.14 |
| Ethereum (CRYPTO: ETH) |
+0.19% | $2,949.09 |
| XRP (CRYPTO: XRP) | -2.75% | $2.19 |
| Solana (CRYPTO: SOL) | +0.22% | $138.85 |
| Dogecoin (CRYPTO: DOGE) | +0.23% | $0.1522 |
Crypto Market Settles After Uptick
Bitcoin traded sideways between $86,000 and $88,450, stabilizing after its recent uptick. Trading volume dropped 11% over the last 24 hours. Ethereum also consolidated around recent gains, as bulls failed to drive prices above the key $3,000 threshold.
Bitcoin’s dominance dipped below 58%, while Ethereum’s market share fell to 11.8%.
Shares of Bitcoin holding company Strategy Inc. (NASDAQ:MSTR) shed 3.83% during 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 $300 million in the last 24 hours, according to Coinglass, with nearly amounts in longs and shorts wiped out.
Bitcoin’s open interest fell by 0.51% in the last 24 hours, roughly matching the dip in spot price.
The “Extreme Fear” sentiment prevailed in …
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