Leading cryptocurrencies traded flat Sunday ahead of Federal Reserve Chair Jerome Powell’s speech on the direction of interest rate cuts in the coming months.
Cryptocurrency
Gains +/-
Price (Recorded at 9:45 p.m. EDT)
Bitcoin (CRYPTO: BTC)
-0.53%
$65,364.81
Ethereum (CRYPTO: ETH)
-0.95%
$2,642.44
Dogecoin (CRYPTO: DOGE)
-3.30%
$0.1235
What Happened: Bitcoin spiked above $66,000 during the afternoon hours but started to descend as the evening progressed, falling as low as $65,121 overnight. Ethereum also encountered choppy behavior in the $2,600 region
Bitcoin gained more than 10% in September, its best performance in a month with a historical average loss of 3.47%. The rally has been broadly fueled by the central bank’s aggressive 0.5% rate cut earlier this month.
Total cryptocurrency liquidations exceeded $108 million in the last 24 hours, with long liquidations accounting for 60%.
The number of bearish bets for the cryptocurrency spiked dramatically vis à vis bullish long bets, according to the Long/Short Ratio.
The market sentiment continued to be one of “Greed,” according to the popular Cryptocurrency Fear & Greed Index.
Top Gainers (24-Hours)
Cryptocurrency
Gains +/-
Price (Recorded at 9:30 p.m. EDT)
FTX token (FTT)
+60.08%
$2.24
Mina (MINA)
+12.07%
$0.6071
Popcat (POPCAT)
+7.43%
$0.9885
The global cryptocurrency stood at $2.29 trillion in the …
Full story available on Benzinga.com