Bitcoin, XRP, Dogecoin Fall, While Ethereum Trades Flat: Analyst Says Increase In This Indicator Could Mean A ‘ Very Positive’ Signal For The Market
Leading cryptocurrencies halted their rally on Tuesday, even as stocks and precious metals kept climbing.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.69% | $92,350.09 |
| Ethereum (CRYPTO: ETH) |
+0.57% | $3,247.04 |
| XRP (CRYPTO: XRP) | -5.03% | $2.26 |
| Solana (CRYPTO: SOL) | +1.24% | $139.66 |
| Dogecoin (CRYPTO: DOGE) | -3.20% | $0.1474 |
Crypto Rally Stalls
Bitcoin fell sharply to $91,280 in early-afternoon trading before rebounding to around $93,500 by evening.
Ethereum took a breather, settling around the $3,300 region after days of upward momentum. Meanwhile, XRP and Dogecoin fell sharply.
Shares of cryptocurrency-linked stocks Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closed down 4.10% and 1.71%, 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.
Nearly $450 million was liquidated from the cryptocurrency market in the last 24 hours, according to Coinglass, with 65% accounting for long liquidations.
Bitcoin’s open interest fell 2.97% in the last 24 hours. Notably, more than …
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