Bitcoin saw a halt in its rally, while the king of meme coins, Dogecoin, fared among the biggest gainers Wednesday.
Cryptocurrency
Gains +/-
Price (Recorded at 9:30 p.m. EDT)
Bitcoin (CRYPTO: BTC)
+0.21%
$67,611.27
Ethereum (CRYPTO: ETH)
-0.24%
$2,617.40
Dogecoin (CRYPTO: DOGE)
+7.19%
$0.1253
What Happened: The world’s largest cryptocurrency bounced above $68,000 in the early morning hours, a level not seen since the last week of July.
However, bulls faced stiff resistance subsequently, resulting in a sideways movement in the high $67,000s.
Dogecoin jumped over 7%, becoming the best-performing billon-dollar capitalization coin in the last 24 hours.
“BTC continues to remain resilient above the $65,000 level as betting markets point to higher odds of Trump’s win,” Digital asset trading firm QCP Capital said.
Total cryptocurrency liquidations hit $126.32 million in the last 24 hours after hitting a two-week high the previous day. More than $72 million in bullish bets was wiped out.
Bitcoin’s Open Interest jumped 3.20% in the last 24 hours. A rise in OI, coupled with a sideways price movement, indicated a potential breakout to the upside.
Market sentiment continued …
Full story available on Benzinga.com