Leading cryptocurrencies rebounded Monday as President Donald Trump’s brief tariff reprieve fueled positive sentiment in risk-on markets.
| Cryptocurrency | Gains +/- | Price (Recorded at 7:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +5.14% | $101,349.10 |
| Ethereum (CRYPTO: ETH) |
+1.46% | $2,860.84 |
| Dogecoin (CRYPTO: DOGE) | +15.87% | $0.2866 |
What Happened: Bitcoin surged past $100,000, a day after plunging below $92,000. The leading cryptocurrency hit an intraday high of $102,500 before paring gains overnight.
Ethereum chalked out modest gains, but the second-largest cryptocurrency was yet to reclaim the pre-slump levels. Dogecoin rallied 15%, erasing significant losses from the Sunday decline.
Cryptocurrency liquidations hit $1.56 billion over the last 24 hours, with longs accounting for over $1 billion.
If Bitcoin retraces to $95,000 again, over $1 billion in upside bets will be wiped out.
More than 55% of Bitcoin futures traders were short Bitcoin, according to the Long/Short Ratio, signaling a potential drop.
Meanwhile, Bitcoin’s Open Interest rose 2.36% in the last 24 hours, suggesting a surge in speculative trading.
Market sentiment flipped …
Full story available on Benzinga.com
Leading cryptocurrencies rebounded Monday as President Donald Trump’s brief tariff reprieve fueled positive sentiment in risk-on markets.
| Cryptocurrency | Gains +/- | Price (Recorded at 7:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +5.14% | $101,349.10 |
| Ethereum (CRYPTO: ETH) |
+1.46% | $2,860.84 |
| Dogecoin (CRYPTO: DOGE) | +15.87% | $0.2866 |
What Happened: Bitcoin surged past $100,000, a day after plunging below $92,000. The leading cryptocurrency hit an intraday high of $102,500 before paring gains overnight.
Ethereum chalked out modest gains, but the second-largest cryptocurrency was yet to reclaim the pre-slump levels. Dogecoin rallied 15%, erasing significant losses from the Sunday decline.
Cryptocurrency liquidations hit $1.56 billion over the last 24 hours, with longs accounting for over $1 billion.
If Bitcoin retraces to $95,000 again, over $1 billion in upside bets will be wiped out.
More than 55% of Bitcoin futures traders were short Bitcoin, according to the Long/Short Ratio, signaling a potential drop.
Meanwhile, Bitcoin’s Open Interest rose 2.36% in the last 24 hours, suggesting a surge in speculative trading.
Market sentiment flipped …
Full story available on Benzinga.com
Leading cryptocurrencies rebounded Monday as President Donald Trump’s brief tariff reprieve fueled positive sentiment in risk-on markets.
Cryptocurrency
Gains +/-
Price (Recorded at 7:45 p.m. ET)
Bitcoin (CRYPTO: BTC)
+5.14%
$101,349.10
Ethereum (CRYPTO: ETH)
+1.46%
$2,860.84
Dogecoin (CRYPTO: DOGE)
+15.87%
$0.2866
What Happened: Bitcoin surged past $100,000, a day after plunging below $92,000. The leading cryptocurrency hit an intraday high of $102,500 before paring gains overnight.
Ethereum chalked out modest gains, but the second-largest cryptocurrency was yet to reclaim the pre-slump levels. Dogecoin rallied 15%, erasing significant losses from the Sunday decline.
Cryptocurrency liquidations hit $1.56 billion over the last 24 hours, with longs accounting for over $1 billion.
If Bitcoin retraces to $95,000 again, over $1 billion in upside bets will be wiped out.
More than 55% of Bitcoin futures traders were short Bitcoin, according to the Long/Short Ratio, signaling a potential drop.
Meanwhile, Bitcoin’s Open Interest rose 2.36% in the last 24 hours, suggesting a surge in speculative trading.
Market sentiment flipped …Full story available on Benzinga.com Read More$BTC, $DOGE, $ETH, Bitcoin, BTC, Cryptocurrency, dogecoin, Ethereum, News, Markets, Movers, Trading Ideas, BTC, US2036121067, $ETH, $BTC, $DOGE, News, Cryptocurrency, Markets, Movers, Trading Ideas, Benzinga Markets
