Bitcoin, Ethereum, XRP, Dogecoin Trim Losses, While Gold, Silver Reverse: Analyst Says This BTC Zone With High Buying Orders Should Hold
Leading cryptocurrencies and stocks traded in the green on Monday, while the precious metal rally reversed, as investors increased risk appetite.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 8:25 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.93% | $88,316.74 |
| Ethereum (CRYPTO: ETH) |
+1.80% | $2,924.02 |
| XRP (CRYPTO: XRP) | +1.14% | $1.90 |
| Solana (CRYPTO: SOL) | +2.01% | $124.09 |
| Dogecoin (CRYPTO: DOGE) | +0.03% | $0.1222 |
Crypto Sentiment Improves
Bitcoin pared Sunday’s losses, rallying to an intraday high of 88,743. Trading volume for the apex cryptocurrency increased 10% in the last 24 hours.
Ethereum also rebounded, nearly breaking $3,000, while XRP gained 1.14%.
Bitcoin’s dominance stood at 59%, while Ethereum accounted for nearly 12% of the total market share.
Over $360 million was liquidated from the market in the last 24 hours, according to Coinglass, with bearish short positions accounting for $265 million.
Bitcoin’s open interest fell 0.51% in the last 24 hours. A fall in open interest, coupled with a jump in price typically indicates short covering, meaning short sellers are buying back their positions.
The market sentiment …
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