Bitcoin, Ethereum, Dogecoin Rise As ‘Greed’ Sentiment Takes Over: Top Analyst Says Breaking This Resistance Level Could Be ‘Pivotal’ For BTC

Leading cryptocurrencies gained on Sunday as investors set aside concerns that monetary easing policies will be impacted due to the blowout jobs report.

What Happened: Bitcoin surged to $95,740 during the evening, capping off a choppy day for the world’s leading cryptocurrency. The asset fluctuated between $94,000 and $95,000 for much of the weekend before breaking out to the upside. 

Corrective price action has been in place since Bitcoin’s rally to $102,000 last week.

Ethereum followed a similar trajectory, plunging from the highs of $3,700 to $3,00 over the week.

About $149.81 million were liquidated in the last 24 hours, with upside bets accounting for $100 million. 

A further drop to $90,000 will liquidate $417 million of long positions.

However, the market seemed hopeful about a comeback, with 61% of Binance traders betting on Bitcoin’s gain based on the Long/Short ratio.

The market sentiment advanced from “Neutral” to “Greed,” according to the …

Full story available on Benzinga.com