Bitcoin Flat, Ethereum, XRP Gain, While Dogecoin Slides: Analyst Explains Why ‘Most Awful’ Periods Could Be Best Time To Accumulate Crypto
Leading cryptocurrencies traded flat on Monday amid thin liquidity due to the holiday, while gold and silver declined.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 8:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.11% | $68,886.53 |
| Ethereum (CRYPTO: ETH) |
+1.57% | $2,001.73 |
| XRP (CRYPTO: XRP) | +0.76% | $1.48 |
| Solana (CRYPTO: SOL) | +0.76% | $86.86 |
| Dogecoin (CRYPTO: DOGE) | -1.54% | $0.1007 |
Bitcoin Moves Sideways
Bitcoin pushed to an intraday high of $70,060 but met strong resistance, sending it back to the $68,000 range. The apex cryptocurrency’s trading volume fell 17% from the previous day.
Ethereum crept up to $2,000 overnight, even though trading volume plunged 40% over the last 24 hours. XRP and Solana moved sideways.
Bitcoin’s market dominance shrank to 58.3%, while Ethereum’s share contracted 2.16% to 10.2%.
Over $215 million was liquidated from the market in the last 24 hours, according to Coinglass, with long liquidations accounting for the majority of the losses.
Bitcoin’s open interest fell by a modest 0.08% over the past 24 hours, while money locked in Ethereum’s derivatives rose by 0.88%.
The “Extreme Fear” sentiment prevailed in the market, according …
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