Leading cryptocurrencies went sideways on Tuesday, aligning with the stock market’s subdued movements.
Cryptocurrency
Gains +/-
Price (Recorded at 8:30 p.m. EDT)
Bitcoin (CRYPTO: BTC)
+0.77%
$67,187.47
Ethereum (CRYPTO: ETH)
-0.44%
$2,616.25
Dogecoin (CRYPTO: DOGE)
-2.07%
$0.1381
What Happened: Bitcoin experienced volatile price activity in the $67,000 range, with bulls eyeing the psychologically critical $70,000 milestone and higher.
Ethereum dropped nearly to $2,500 before reversing course. These assets spiked to multi-month highs just before the trading week began but have since failed to sustain the rally.
Total cryptocurrency liquidations exceeded $112 million in the last 24 hours, with bullish leveraged traders facing the most losses.
According to Coinglass, nearly $1.6 billion in short positions will be liquidated if Bitcoin rebounds to $69,000.
The Open Interest in Bitcoin futures dropped by 0.60%, mirroring the contraction in spot price.
However, market sentiment remained in the “Greed” zone as of this writing, according to the …
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