Leading cryptocurrencies held steady Thursday as the market warmed up to a Bitcoin re-accumulation trend.
Cryptocurrency
Gains +/-
Price (Recorded at 8:30 p.m. ET)
Bitcoin (CRYPTO: BTC)
+0.30%
$93,676.84
Ethereum (CRYPTO: ETH)
-0.94%
$1,772.67
Dogecoin (CRYPTO: DOGE)
+2.71%
$0.1823
What Happened: Bitcoin dived to $91,700 early morning on profit-taking but regained the $93,000 by the afternoon. Overnight momentum lifted it briefly past $94,000.
Ethereum remained confined to a narrow range below $1,780 throughout the day. Both market heavyweights recorded a sharp fall in trading volumes.
Bitcoin’s market dominance was 63.4%, up from 60.5% the previous month, indicating continued demand for the leading asset.
About $276 million was liquidated from the cryptocurrency market in the last 24 hours, with short position traders losing more than those placing longs.
Bitcoin’s Open Interest increased by 0.95% in the last 24 hours, marking a second straight day of modest gains. Over the week, though, the leverage has surged by 18%.
The majority of Binance traders with an open Bitcoin position continued to …Full story available on Benzinga.com
