Leading cryptocurrencies traded flat on Thursday as President Donald Trump threatened to remove Federal Reserve Chair Jerome Powell over delays in implementing monetary easing measures.
Cryptocurrency
Gains +/-
Price (Recorded at 8:45 p.m. ET)
Bitcoin (CRYPTO: BTC)
0.84%
$84,856.41
Ethereum (CRYPTO: ETH)
-0.01%
$1,582.75
Dogecoin (CRYPTO: DOGE)
+0.12%
$0.1552
What Happened: Bitcoin fluctuated between the high $83,000s and early $85,000s, with trading volumes falling by over 25% from the previous day.
Ethereum reached an intraday high of $1,615.30 but failed to maintain the advance, falling back to the $1,500 range.
The relatively calm trading day saw $126 million liquidated from the cryptocurrency market, with nearly equal amounts of longs and shorts erased.
Over $278 million was liquidated from the market in the last 24 hours, with bullish bets accounting for $160 million.
Interestingly, despite the sideways price action, Bitcoin’s Open Interest grew by 4.45% in the last 24 hours, potentially leading to higher volatility and a breakout in either direction in the coming days.
More than 54% of Binance futures traders were betting against the leading cryptocurrency, according to the Long/Short …Full story available on Benzinga.com
