Bitcoin, Ethereum, XRP Hold Steady, Dogecoin Gains Amid Focus On Fed’s Interest Rate Moves: Analyst Sees ‘Classic Sell The News Type Of Correction’
Bitcoin failed to build on recent gains on Monday, as investors awaited the Federal Reserve’s decision on interest rates.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.98% | $90,264.02 |
| Ethereum (CRYPTO: ETH) |
+0.27% | $3,112.05 |
| XRP (CRYPTO: XRP) | +0.56% | $2.07 |
| Solana (CRYPTO: SOL) | +0.25% | $133.14 |
| Dogecoin (CRYPTO: DOGE) | +1.68% | $0.1416 |
Crypto Rally Fizzles Out
The apex cryptocurrency pulled back sharply following its Sunday evening gains, reaching an intraday low of $89,644. Trading activity remained high, with volume surging 15% over the last 24 hours.
Ethereum moved sideways, consolidating in the $3,100 region, while XRP and Dogecoin rose 0.56% and 1.68%, respectively.
Shares of cryptocurrency-linked stocks such as Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closed up 2.63% and 1.66%, 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 COIN here.
Cryptocurrency liquidations reached $200 million over the last 24 hours, according to Coinglass, with over $100 million in bearish short …
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