Bitcoin, Ethereum, XRP, Dogecoin Slide; Crypto Stocks Fall: Analytics Firm Spots Signal That Historically Preceded ‘Powerful’ BTC Rallies
Leading cryptocurrencies slid alongside stocks on Monday, as investors rotated away from risk-off assets.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.11% | $86,738.52 |
| Ethereum (CRYPTO: ETH) |
-1.92% | $2,802.70 |
| XRP (CRYPTO: XRP) | -2.82% | $2.02 |
| Solana (CRYPTO: SOL) | -1.00% | $127.47 |
| Dogecoin (CRYPTO: DOGE) | -2.89% | $0.1361 |
More Trouble For Crypto
Bitcoin plunged below $84,000 in the early trading hours, marking its worst performance since mid-April. The apex cryptocurrency saw a 72% jump in trading volume over the last 24 hours, signaling high selling pressure.
Ethereum also fell below $2,800, erasing all of its gains in the last 10 days or so. XRP and Dogecoin also recorded notable declines.
Cryptocurrency-tied stocks such as Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) felt the pinch, falling 3.25% and 4.76%, respectively, 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 COIN and MSTR here.
Cryptocurrency liquidations hit $587 million in the last 24 hours, according to Coinglass, with $460 in bullish longs wiped out.
Roughly $500 million in Bitcoin long …
About The Author
