Bitcoin, Ethereum, XRP Dive, Dogecoin Flat As ‘Extreme Fear’ Returns To Crypto: Analyst Says BTC Will See More ‘Strength’ If It Breaches $80,000
Leading cryptocurrencies dived, while stocks closed at record highs on Tuesday as Middle East tensions remained elevated.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:25 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.26% | $75,755.83 |
| Ethereum (CRYPTO: ETH) |
-1.14% | $2,072.15 |
| XRP (CRYPTO: XRP) | -1.01% | $1.32 |
| Solana (CRYPTO: SOL) | -0.71% | $83.75 |
| Dogecoin (CRYPTO: DOGE) | -0.35% | $0.1013 |
Bears Dominate Crypto Market
Bitcoin sank below $76,000, with trading volume soaring 76% in the last 24 hours. Selling pressure also increased for Ethereum, while XRP and Dogecoin stalled.
Cryptocurrency-related stocks gained, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 0.025% and 1.69%, respectively.
Over $300 million was liquidated from the cryptocurrency market in the past 24 hours, with $200 million in long position erased, according to Coinglass data.
Bitcoin’s open interest jumped 4% over the last 24 hours. An increase in Open Interest alongside a drop in the spot price typically indicates that short sellers are entering new positions, which in turn reflects high bearish sentiment.
“Extreme Fear” sentiment took over the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:25 p.m. EDT) |
| Rain (RAIN) | +43.73% | $0.01157 |
| Ribbita By Virtuals (TIBBIR) | +15.03% | $0.1171 |
| Aethir (ATH) | +11.87% | $0.006767 |
The global cryptocurrency market capitalization stood at $2.54 trillion, following a contraction of 0.94% over the last …
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