Major cryptocurrencies were flat on Tuesday, in line with subdued movements in the stock market.
| cryptocurrency | Gain +/- | Prices (recorded at 8:30 p.m. EDT) |
| Bitcoin BTC/USD | +0.77% | $67,187.47 |
| Ethereum ETH/USD |
-0.44% | $2,616.25 |
| dogecoin doge/usd | -2.07% | $0.1381 |
what happened: Bitcoin The bulls are focused on the psychologically important milestone above $70,000, and the stock experienced volatile price activity above the $67,000 level.
Ethereum It fell to nearly $2,500 before reversing course. These assets soared to multi-month highs just before the trading week began, but have since failed to maintain their gains.
Total crypto liquidations in the past 24 hours exceeded $112 million, with bullish leveraged traders facing the biggest losses.
According to Coinglass, nearly $1.6 billion in short positions will be liquidated if Bitcoin recovers to $69,000.
Bitcoin futures open interest fell by 0.60%, reflecting the contraction in spot prices.
However, according to the Crypto Fear and Greed Index, market sentiment is still in the “greed” zone as of this writing.
Top Gainers (24 hours)
| cryptocurrency | Gain +/- | Prices (recorded at 8:45 p.m. EDT) |
| beam (beam) | +10.73% | $0.01951 |
| pop cat (Pop Cat) | +10.70% | $1.42 |
| Caspa (Cass) | +5.72% | $0.1358 |
Global cryptocurrencies reached $2.33 trillion, shrinking by 0.66% in the past 24 hours.
Major stock indexes ended lower for the second consecutive day. of Dow Jones Industrial Average It fell 0.02% to end at 42,924.89. of S&P500 It fell 0.05% to 5,851.20. focused on technology Nasdaq Composite proved to be a positive sign, closing 0.18% higher at 18,573.13.
The slow movement comes at a time when the benchmark 10-year U.S. Treasury yield has exceeded 4.2% for the first time in almost three years and is rising.
Meanwhile, investors expected a 91% chance of a 25 basis point rate cut at the next FOMC meeting, according to the CME FedWatch tool.
See more: best cryptocurrency scanner
Analyst notes: Popular cryptocurrency analyst and trader Justin Bennett We predicted that Bitcoin would move lower from a range-bound move.
“Bitcoin whales and retail positioning indicate a pass is likely lower at this time. However, quick liquidity gains at $68,200 should not be ruled out first,” Bennett said. said.
Interestingly, a cryptocurrency analysis company opening height reported that the Bitcoin premium on Korean exchanges has turned into a discount, traditionally considered a precursor to a BTC rally.
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