Benzinga – Cryptocurrency markets fell further on Tuesday as market sentiment remained weak amid unwarranted regulatory attacks on crypto entities.
| cryptocurrency | Gain +/- | Prices (recorded at 8:45 p.m. EDT) |
| Bitcoin (Cryptocurrency: BTC) | -1.63% | $62,321 |
| Ethereum (Crypto: ETH) | -2.15% | $3,007 |
| dogecoin (Code:Doge) | -4.34% | $0.1505 |
what happened: BitcoinThe dollar, the market bellwether, fell to $62,000 after falling 1.63% in the past 24 hours.
This price drop wiped more than $167 million worth of active positions from the market in the past 24 hours, with long-term liquidations reaching 77% of the total.
the second largest virtual currency, Ethereumfell 2.15% in 24 hours, with $43.48 million liquidated, followed by Bitcoin positions with $40.8 million canceled.
Despite the negative price movement, the number of traders taking long positions in Bitcoin has surged over the past 24 hours, outnumbering traders shorting Bitcoin by a ratio of 1.11 to 1.
Negative sentiment continues even after securities company acquisition Robinhood Markets Co., Ltd. (NASDAQ:HOOD) has received a wells notice from the SEC, the latest cryptocurrency company to attract the attention of U.S. regulators.
Top Gainer (24 hours)
| cryptocurrency | Gain +/- | Prices (recorded at 8:45 p.m. EDT) |
| AIOZ network (ios) | +9.73% | $0.8088 |
| Ethena (Ena) | +5.26% | $0.9429 |
| Chili's (CHZ) | +3.57% | $0.1275 |
The global cryptocurrency market capitalization is currently $2.3 trillion, down 1.84% in 24 hours.
On the contrary, the stock rose on Tuesday.of Dow Jones Industrial Average It moved north by 31.99 points (0.08%) to close at 38,884.26.of S&P500 increased It rose 0.13% to close at 5,187.70 points.High-tech oriented Nasdaq Composite, However, it traded in the red, falling 0.1% to 16,332.56 points at market close.
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The yield on the 10-year U.S. Treasury rose less than 1 basis point to 4.63% as of 9:30 p.m. EDT.
Wall Street has been upbeat after a weaker-than-expected U.S. jobs report raised hopes for a more dovish monetary policy from the Federal Reserve.
See more: Best Cryptocurrency Scanner
analyst notes: According to on-chain analytics firm Santiment, most of the major coins on the market were in the buy zone. The inference was made using the Relative Strength Index, a popular technical analysis tool.
Ethereum's RSI is high compared to other assets, making it prone to declines. on the other hand, Cardano's The RSI was low and was touted as a low buy candidate.
