Leading cryptocurrencies traded flat on Wednesday as Federal Reserve Chair Jerome Powell’s positive comments regarding the industry.
Cryptocurrency
Gains +/-
Price (Recorded at 8:30 p.m. ET)
Bitcoin (CRYPTO: BTC)
0.88%
$84,097.68
Ethereum (CRYPTO: ETH)
-0.11%
$1,584.40
Dogecoin (CRYPTO: DOGE)
+0.70%
$0.1548
What Happened: Bitcoin reached a high of $85,428.28 in the afternoon but reversed sharply to $83,000, as trading volume dipped 1.28% in the last 24 hours.
Ethereum also had a choppy session, bouncing around $1,500, with the exception of a brief jump above $1,600.
Bitcoin’s market dominance increased to 63.1%, while Ethereum’s share fell to 7.2%.
Over $278 million was liquidated from the market in the last 24 hours, with bullish bets accounting for $160 million.
Bitcoin’s Open Interest dropped 0.13% in the last 24 hours, while the Long/Short Ratio on Binance indicated a higher percentage of traders positioned bullish on the apex cryptocurrency.
The market mood remained one of “Fear,” according to the Crypto Fear and Greed Index.
Top Gainers (24-Hours)
Cryptocurrency
Gains +/-
Price …Full story available on Benzinga.com
