Bitcoin, Ethereum, XRP, Dogecoin Slide: Analyst Warns $70,000 Could ‘Come Into Play’ For BTC Unless It Defends This Level
Leading cryptocurrencies fell on Sunday, while stock futures edged up, as investors brace for a barrage of key macroeconomic data this week.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -2.02% | $88,589.06 |
| Ethereum (CRYPTO: ETH) |
-1.61% | $3,073.08 |
| XRP (CRYPTO: XRP) | -2.19% | $1.98 |
| Solana (CRYPTO: SOL) | -2.56% | $130.07 |
| Dogecoin (CRYPTO: DOGE) | -2.70% | $0.1352 |
‘Extreme Fear’ Returns
Bitcoin dipped below $88,000 late evening but partially recovered, reversing much of its gains from the prior week.
Ethereum also dipped below $3,100, while trading volume surged 64% in the last 24 hours. XRP and Dogecoin were both down more than 2%.
Ethereum’s market dominance edged up to 12.3%, while Bitcoin held steady at 58.5% of the total.
Cryptocurrency liquidations hit $270 million over the last 24 hours, according to Coinglass, with $234 million in bullish long positions wiped out.
Curiously, Bitcoin’s open interest increased 3.88% over the last 24 hours. A drop in price, coming alongside a rise in Open Interest, typically indicates new short positions are being …
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