Leading cryptocurrencies cooled down on Thursday amid uncertainty over potential market bottoms.
Cryptocurrency
24-Hour Gains +/-
Price (Recorded at 8:25 p.m. ET)
Bitcoin (CRYPTO: BTC)
-2.13%
$67,060.77
Ethereum (CRYPTO: ETH)
-2.60%
$2,007.51
XRP (CRYPTO: XRP)
-2.40%
$1.40
Solana (CRYPTO: SOL)
-3.97%
$85.44
Dogecoin (CRYPTO: DOGE)
-4.29%
$0.09678
Crypto Market Takes U-Turn
Bitcoin reversed after Wednesday’s relief rally, while trading volume for the apex cryptocurrency dropped 22% over the past 24 hours. Ethereum fell sharply in the early trading hours but rallied to recover losses by afternoon.
Bitcoin’s market share narrowed to 58%, while Ethereum’s dominance fell to 10.5%.
Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN), closed down 1.66% and 1.57%, respectively.
Over $240 million was liquidated from the market in the last 24 hours, according to Coinglass, with bullish long traders bearing the brunt of the losses.
Bitcoin’s open interest fell 2.39% over the past 24 hours, aligning with the correction in spot price. Meanwhile, retail and whale investors with open BTC positions on Binance remained long, according to the Long/Short Ratio.
“Extreme Fear” sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
Cryptocurrency (Market Cap>$100 …Full story available on Benzinga.com
