Leading cryptocurrencies extended losses alongside the stock market on Wednesday, as investors brace for crucial consumer inflation data.
Cryptocurrency
24-Hour Gains +/-
Price (Recorded at 8:25 p.m. ET)
Bitcoin (CRYPTO: BTC)
-2.14%
$66,145.05
Ethereum (CRYPTO: ETH)
-1.30%
$1,939.34
XRP (CRYPTO: XRP)
-2.03%
$1.35
Solana (CRYPTO: SOL)
-2.10%
$78.45
Dogecoin (CRYPTO: DOGE)
+0.95%
$0.09253
Painful February Continues
Bitcoin oscillated between $65,000 and $68,000, while a low 24-hour trading volume suggested a lack of strong buying interest to push the price higher. Ethereum briefly broke below its support at $1,900, but quickly reversed.
The two blue-chip coins have had it rough in February, with Bitcoin declining 16% already, and Ethereum down more than 20%.
Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN), closed down 2.44% and 7.90%, respectively.
Over $250 million was liquidated from the market in the last 24 hours, according to Coinglass, with $179 million in bullish long bets alone wiped out.
Bitcoin’s open interest slid 2.37% over the past 24 hours, although majority of whale and retail investors on Binance …Full story available on Benzinga.com
