Bitcoin, Ethereum, XRP, Dogecoin Fail To Sustain Rally: Analyst Says BTC ‘Struggling A Bit’ At Key Resistance, But It Could ‘Fly’ If It Breaks Through
Leading cryptocurrencies slipped on Thursday, even as key stock barometers rose, amid heightened expectations of interest rate cuts.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:25 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.04% | $92,460.85 |
| Ethereum (CRYPTO: ETH) |
-1.77% | $3,156.33 |
| XRP (CRYPTO: XRP) | -4.30% | $2.10 |
| Solana (CRYPTO: SOL) | -4.40% | $139.58 |
| Dogecoin (CRYPTO: DOGE) | -2.75% | $0.1480 |
Crypto Rebound Loses Momentum
Bitcoin rebound lost steam as the apex cryptocurrency consolidated in the $91,000-$92,000 range. Trading volume fell 19% over the last 24 hours.
Ethereum attempted to break $3,220 but faced sharp rejection, tumbling to $3,070. The second-largest cryptocurrency regained some ground overnight.
Shares of cryptocurrency-linked stocks such as Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closed down 1.26% and 1.04%, 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 MSTR and BMNR here.
Cryptocurrency liquidations reached $266 million over the last 24 hours, according to Coinglass, with long liquidations amounting to nearly $80 million.
That said, over $440 million in Bitcoin short positions risked liquidation if the apex cryptocurrency reclaimed $95,000.
Bitcoin’s open …
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