Leading coins remained steady on Thursday amid reports that President-elect Donald Trump may announce several pro-cryptocurrency measures after being sworn in.
Cryptocurrency
Gains +/-
Price (Recorded at 8:30 p.m. ET)
Bitcoin (CRYPTO: BTC)
+0.31%
$100,211.61
Ethereum (CRYPTO: ETH)
-1.77%
$3,340.29
Dogecoin (CRYPTO: DOGE)
+0.54%
$0.3789
What Happened: Bitcoin wiggled in the $100,000 region, a day after reclaiming the psychologically important level on softer inflation data.
Ethereum also chopped in the $3,300-$3,900 zone as holders waited for the second-largest cryptocurrency to recapture the $4,000 milestone it reached last month.
The cryptocurrency market was brimming with optimism ahead of Trump’s inauguration on Jan. 20. The president-elect was reportedly planning to designate cryptocurrency policy as a national priority.
Over $332 million was liquidated from the cryptocurrency market in the last 24 hours, with long liquidations accounting for $188 million.
About $960 million in upside bets could be liquidated if Bitcoin falls back to $95,000.
Bitcoin’s Open Interest rose 2.21% in the last 24 hours. A sideways price movement, coupled with a rising …Full story available on Benzinga.com