Bitcoin, Ethereum, Dogecoin Spike, While XRP Holds Steady Ahead Of Fed Rate Cut Decision: What ETH’s ‘Quick Turn Around’ Against BTC Means
Leading cryptocurrencies rallied alongside stocks and precious metals on Tuesday as investors gear up for the Federal Reserve’s policy decision.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 8:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.98% | $89,201.06 |
| Ethereum (CRYPTO: ETH) |
+2.84% | $3,007.96 |
| XRP (CRYPTO: XRP) | -0.07% | $1.89 |
| Solana (CRYPTO: SOL) | +2.25% | $126.89 |
| Dogecoin (CRYPTO: DOGE) | +2.30% | $0.1250 |
Institutional Buying Boosts ETH
Bitcoin lifted above $89,000, while Ethereum broke above $3,000 amid a broader market rally.
Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR), closed up 0.62% and 5.50%, respectively
Nearly $300 million was liquidated from the market in the last 24 hours, according to Coinglass, with $230 million in levered short positions wiped out.
The uptick energized Bitcoin’s derivatives market, with open interest surging 3.12% over the last 24 hours. Despite the rise, “Fear” sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| pippin … |
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