Bitcoin, Ethereum, XRP Gain, While Dogecoin Trades Flat: Sunday Rally A ‘Great Sign,’ Says Analyst
Leading cryptocurrencies rallied, while stock futures were little changed on Sunday, as investors geared up for the Federal Reserve’s interest rate announcement.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:25 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +1.68% | $90,990.60 |
| Ethereum (CRYPTO: ETH) |
+1.34% | $3,088.63 |
| XRP (CRYPTO: XRP) | +0.92% | $2.05 |
| Solana (CRYPTO: SOL) | +0.03% | $132.69 |
| Dogecoin (CRYPTO: DOGE) | -0.59% | $0.1392 |
End Of The Week Rally
Bitcoin gained momentum overnight on Sunday after a calm weekend, with trading volume jumping 29.4% over the last 24 hours. The apex cryptocurrency was on course to finish the week in the green.
Ethereum also rallied, hitting an intraday high of $3,148.77, while trading volume for the second-largest cryptocurrency nearly doubled.
Cryptocurrency liquidations reached $437 million over the last 24 hours, according to Coinglass, with long liquidations amounting to over $280 million.
Bitcoin’s open interest rose 2.22% in the last 24 hours. An increase in open interest, coming alongside an uptick in spot price, typically indicates new money flowing into the derivatives market.
The market sentiment slipped back into the “Extreme Fear” zone, according to the …
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