Leading cryptocurrencies dipped on Sunday as investors braced for the Federal Reserve’s decision on interest rates.
Cryptocurrency
Gains +/-
Price (Recorded at 8:30 p.m. ET)
Bitcoin (CRYPTO: BTC)
-1.60%
$82,939.09
Ethereum (CRYPTO: ETH)
-2.00%
$1,899.03
Dogecoin (CRYPTO: DOGE)
-3.62%
$0.1701
What Happened: Bitcoin witnessed a choppy trading day, oscillating between $85,000 and $82,000. The apex cryptocurrency recovered some losses last week, rising 2.21%.
The asset shed over 11% of its value in the first quarter, a stark contrast to the 51% returns it has provided on average.
Ethereum wiggled in the $1,860-$1,930 range throughout the day and was down over 7% in the last week. Its quarterly losses have widened to 42%.
Over $256 million was liquidated from the market in the last 24 hours, with long liquidations accounting for $177 million.
Bitcoin’s Open Interest fell 2.76% over the last 24 hours due to long liquidations. That said, the percentage of traders positioned long on the apex digital asset surged to 52%, according to the Long/Short Ratio, suggesting that traders bought …Full story available on Benzinga.com