Bitcoin, Ethereum, XRP, Dogecoin Fall Alongside Silver: Analyst Forecasts BTC Outperforming Gold Amid ‘Massive Bullish Divergence’
Cryptocurrencies, the stock market, and commodities, including gold and silver, struggled on Monday ahead of the release of the Federal Reserve’s meeting minutes.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.03% | $87,054.88 |
| Ethereum (CRYPTO: ETH) |
-1.13% | $2,926.76 |
| XRP (CRYPTO: XRP) | -1.27% | $1.84 |
| Solana (CRYPTO: SOL) | -2.82% | $122.87 |
| Dogecoin (CRYPTO: DOGE) | -1.76% | $0.1225 |
Bitcoin Gets Rejected At $90,000
Bitcoin surged beyond $90,000, only to reverse and fall back to $86,000 in the early trading hours. Trading volume for the apex cryptocurrency jumped 187% over the last 24 hours, indicating high liquidity and trader interest.
Ethereum’s rally beyond $3,000 was also halted, as the second-largest cryptocurrency dipped and subsequently consolidated in the $2,900 range. Trading volume more than doubled in the 24-hour period. XRP and Dogecoin also recorded noticeable drops.
Shares of cryptocurrency-linked stocks Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closed down 2.15% and 1.32%, 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.
Over $270 million was liquidated from the cryptocurrency market …
About The Author
