Leading cryptocurrencies remained rock steady on Christmas day, retaining advances made the day before.
Cryptocurrency
Gains +/-
Price (Recorded at 8:30 p.m. ET)
Bitcoin (CRYPTO: BTC)
+1.08%
$99,024.30
Ethereum (CRYPTO: ETH)
+0.06%
$3,474.92
Dogecoin (CRYPTO: DOGE)
-1.67%
$0.332
What Happened: Bitcoin sailed to a one-week high of $99,800 during overnight trading, narrowly missing the crucial $100,000 milestone. The leading cryptocurrency hit $98,000 just a day earlier on Christmas Eve, defying days of downward price action.
Ethereum witnessed a bumpy trajectory, wobbling between $3,440 and $3,510. Trading volumes for both blue-chip currencies were down significantly.
Over $200 million was liquidated from the market in the last 24 hours, with long liquidations accounting for $115 million.
Bitcoin’s Open Interest rose marginally by 0.24% in the last 24 hours. The number of traders placing upside bets on the cryptocurrency declined vis-à-vis those betting against it, according to the Long/Short Ratio.
Funding rates rose …Full story available on Benzinga.com
