Leading cryptocurrencies traded sideways on Sunday after President Donald Trump’s tariff reprieve on technology products.
Cryptocurrency
Gains +/-
Price (Recorded at 8:30 p.m. ET)
Bitcoin (CRYPTO: BTC)
-0.41%
$84,801.98
Ethereum (CRYPTO: ETH)
-1.16%
$1,619.24
Dogecoin (CRYPTO: DOGE)
-0.76%
$0.1657
What Happened: Bitcoin touched an intraday high of $86,015 before being dragged down by profit-taking. The apex cryptocurrency had a rough start to the week but has recovered, gaining over 7% in the last seven days.
Meanwhile, Ethereum struggled to reclaim $1,700, wobbling in the $1,600 region throughout the week.
Bitcoin maintained a market dominance of more than 62%, while Ethereum’s share fell to 7.3%.
Nearly $340 million was liquidated from the market in the last 24 hours, with over $225 million in long positions erased.
Bitcoin’s Open Interest fell by 5.47% in the last 24 hours. Moreover, the Long/Short Ratio on Binance rose to 0.94, indicating an increase in bullish positioning for the asset.
The market sentiment was one of “Fear,” according to the Crypto Fear …Full story available on Benzinga.com
