Top cryptocurrencies of the market lifted upward Monday, spurred by top banks’ disclosure of investments in spot Bitcoin ETFs, and a social media post by retail trader “Roaring Kitty” that sent meme coins flying.
Cryptocurrency
Gains +/-
Price (Recorded 8:30 p.m. EDT)
Bitcoin (CRYPTO: BTC)
+2.19%
$63,021.64
Ethereum (CRYPTO: ETH)
+0.48%
$2,952.36
Dogecoin (CRYPTO: DOGE)
+4.72%
$0.1488
What Happened: Bitcoin, the most valuable digital asset on the planet, rose above $63,000 after a subdued weekend. The disclosure of spot ETF holdings by banking titans such as Wells Fargo and JPMorgan Chase last week likely acted as the major trigger.
About $56 million in positions was wiped out in the last 24 hours, with nearly equal amounts of longs and shorts liquidated.
The uptick in spot prices drove investments in the derivatives market, as Bitcoin’s Open Interest went to upwards of $30 billion, following a 2.94% increase over the last 24 hours.
The world’s largest meme coin, Dogecoin, bounced 4.73% in the last 24 hours as popular retail trader Roaring Kitty posted a meme on social …
Full story available on Benzinga.com
Top cryptocurrencies of the market lifted upward Monday, spurred by top banks’ disclosure of investments in spot Bitcoin ETFs, and a social media post by retail trader “Roaring Kitty” that sent meme coins flying.
Cryptocurrency
Gains +/-
Price (Recorded 8:30 p.m. EDT)
Bitcoin (CRYPTO: BTC)
+2.19%
$63,021.64
Ethereum (CRYPTO: ETH)
+0.48%
$2,952.36
Dogecoin (CRYPTO: DOGE)
+4.72%
$0.1488
What Happened: Bitcoin, the most valuable digital asset on the planet, rose above $63,000 after a subdued weekend. The disclosure of spot ETF holdings by banking titans such as Wells Fargo and JPMorgan Chase last week likely acted as the major trigger.
About $56 million in positions was wiped out in the last 24 hours, with nearly equal amounts of longs and shorts liquidated.
The uptick in spot prices drove investments in the derivatives market, as Bitcoin’s Open Interest went to upwards of $30 billion, following a 2.94% increase over the last 24 hours.
The world’s largest meme coin, Dogecoin, bounced 4.73% in the last 24 hours as popular retail trader Roaring Kitty posted a meme on social …
Full story available on Benzinga.com
Top cryptocurrencies of the market lifted upward Monday, spurred by top banks’ disclosure of investments in spot Bitcoin ETFs, and a social media post by retail trader “Roaring Kitty” that sent meme coins flying.
Cryptocurrency
Gains +/-
Price (Recorded 8:30 p.m. EDT)
Bitcoin (CRYPTO: BTC)
+2.19%
$63,021.64
Ethereum (CRYPTO: ETH)
+0.48%
$2,952.36
Dogecoin (CRYPTO: DOGE)
+4.72%
$0.1488
What Happened: Bitcoin, the most valuable digital asset on the planet, rose above $63,000 after a subdued weekend. The disclosure of spot ETF holdings by banking titans such as Wells Fargo and JPMorgan Chase last week likely acted as the major trigger.
About $56 million in positions was wiped out in the last 24 hours, with nearly equal amounts of longs and shorts liquidated.
The uptick in spot prices drove investments in the derivatives market, as Bitcoin’s Open Interest went to upwards of $30 billion, following a 2.94% increase over the last 24 hours.
The world’s largest meme coin, Dogecoin, bounced 4.73% in the last 24 hours as popular retail trader Roaring Kitty posted a meme on social …Full story available on Benzinga.com Read More$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
