Bitcoin, XRP, Dogecoin Rise, Ethereum Trades Flat Amid Unemployment Concerns: Analyst Says ETH Could Sink To $1,100 If It Ends 2025 Below This Level
Leading cryptocurrencies bounced back, while stocks fell on Tuesday, as the U.S. unemployment rate hit levels not seen since September 2021.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +1.71% | $87,615.03 |
| Ethereum (CRYPTO: ETH) |
-0.10% | $2,954.33 |
| XRP (CRYPTO: XRP) | +2.11% | $1.92 |
| Solana (CRYPTO: SOL) | +1.87% | $128.93 |
| Dogecoin (CRYPTO: DOGE) | +1.81% | $0.1318 |
Bitcoin, Crypto Stocks Rally
Bitcoin climbed back to an intraday peak of $88,170 before easing off a bit overnight.
Ethereum, on the other hand, failed to break over the critical $3,000 resistance, with trading volume down 22% in the last 24 hours. XRP and Dogecoin also saw a relief rally.
Shares of cryptocurrency-linked stocks Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NASDAQ:COIN) closed up 3.34% and 1.42%, 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.
Roughly $260 million was liquidated from the cryptocurrency …
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