Bitcoin, Ethereum, XRP, Dogecoin Slide Even As Michael Saylor’s Strategy Inc Resumes Buying BTC: Analyst Says ‘Buy’ The ETH Dip
Leading cryptocurrencies dipped, while major stock indexes closed higher on Monday as investors pinned hopes on a lasting ceasefire in the Middle East.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:10 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.04% | $62,642.55 |
| Ethereum (CRYPTO: ETH) |
-1.74% | $1,662.25 |
| XRP (CRYPTO: XRP) | -0.49% | $1.15 |
| Solana (CRYPTO: SOL) | -1.37% | $65.52 |
| Dogecoin (CRYPTO: DOGE) | -1.37% | $0.08489 |
Crypto Market Stagnates
Bitcoin wobbled in the area between $62,000 and $64,000, while trading volume dipped. Ethereum briefly surged above $1,700 in the evening before pulling back to $1,660.
Cryptocurrency-related stocks rallied, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 5.61% and 5.97%, respectively. Strategy reported its first Bitcoin purchase since selling 32 BTC at $77,135 last week.
Over $280 million was liquidated from the market in the last 24 hours, predominantly in long positions, according to Coinglass data, predominantly in short liquidations.
Bitcoin’s open interest fell 0.56% in the last 24 hours. Interestingly, retail and whale derivatives traders on Binance were betting on BTC’s price increase, as shown by the significantly higher proportion of long positions compared to shorts.
“Extreme Fear” sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 … |
About The Author
