Bitcoin, Dogecoin Flat, While Ethereum, XRP Inch Higher: Analyst Spots Signal That Preceded ‘Sharp Corrective Moves’ For ETH Historically
Bitcoin consolidated, while stocks ended higher on Monday, as investors rotated cautiously back into risk assets.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 8:15 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.37% | $70,109.33 |
| Ethereum (CRYPTO: ETH) |
+1.46% | $2,110.66 |
| XRP (CRYPTO: XRP) | +1.09% | $1.44 |
| Solana (CRYPTO: SOL) | +0.07% | $86.93 |
| Dogecoin (CRYPTO: DOGE) | -0.19% | $0.09609 |
Crypto Market Remains Quiet
Bitcoin moved sideways, even as trading volume for the leading cryptocurrency spiked nearly 25% in the last 24 hours.
Ethereum outperformed Bitcoin on institutional buying, with Bitmine Immersion Technologies Inc. (NYSE:BMNR) purchasing more ETH for its treasury.
Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR) and BitMine, closed up 2.60% and 4.79%, respectively.
Over $290 million was liquidated from the market in the last 24 hours, according to Coinglass, with long liquidations exceeding short liquidations.
Bitcoin’s open interest fell 0.20% to $45.96 billion, aligning with the drop in its spot price. Ethereum’s open interest spiked 3.81% over the last 24 hours.
The “Extreme 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 8:15 p.m. … |
About The Author
