Leading cryptocurrencies gained on Sunday as investors set aside concerns that monetary easing policies will be impacted due to the blowout jobs report.
Cryptocurrency
Gains +/-
Price (Recorded at 7:30 p.m. ET)
Bitcoin (CRYPTO: BTC)
+1.35%
$95,764.13
Ethereum (CRYPTO: ETH)
+1.49%
$3,331.29
Dogecoin (CRYPTO: DOGE)
+1.66%
$0.3449
What Happened: Bitcoin surged to $95,740 during the evening, capping off a choppy day for the world’s leading cryptocurrency. The asset fluctuated between $94,000 and $95,000 for much of the weekend before breaking out to the upside.
Corrective price action has been in place since Bitcoin’s rally to $102,000 last week.
Ethereum followed a similar trajectory, plunging from the highs of $3,700 to $3,00 over the week.
About $149.81 million were liquidated in the last 24 hours, with upside bets accounting for $100 million.
A further drop to $90,000 will liquidate $417 million of long positions.
However, the market seemed hopeful about a comeback, with 61% of Binance traders betting on Bitcoin’s gain based on the Long/Short ratio.
The market sentiment advanced from “Neutral” to “Greed,” according to the …Full story available on Benzinga.com