Leading cryptocurrencies were rangebound Sunday as investors awaited fresh macroeconomic data to assess investments in riskier markets.
Cryptocurrency
Gains +/-
Price (Recorded at 7:30 p.m. ET)
Bitcoin (CRYPTO: BTC)
+0.20%
$98,435.33
Ethereum (CRYPTO: ETH)
-0.44%
$3,644.50
Dogecoin (CRYPTO: DOGE)
-3.07%
$0.3819
What Happened: Bitcoin saw choppy movement, oscillating between $98,700 and $97,300. The world’s leading cryptocurrency has regained momentum since New Year, resulting in weekly gains of 4.59%.
Ethereum also stagnated at around the $3,600 level. The coin has endured weeks of corrective action since hitting $4,000 last month.
About $136 million was liquidated from the cryptocurrency market in the last 24 hours, with long positions accounting for 66% of the total.
Bitcoin’s Open Interest rose by 0.48%, indicating speculative interest for the leading asset.
That said, the Long/Short Ratio dropped in the last 24 hours, suggesting expectations of further decline in prices.
Market sentiment entered the “Extreme Greed” zone, according to the Crypto Fear & Greed Index.
Top …Full story available on Benzinga.com
