Bitcoin traded in the green Thursday after Tesla Inc.’s (NASDAQ:TSLA) searing rally lifted stocks out of losses.
Cryptocurrency
Gains +/-
Price (Recorded at 9:30 p.m. EDT)
Bitcoin (CRYPTO: BTC)
+1.13%
$67,956.29
Ethereum (CRYPTO: ETH)
-0.66%
$2,525.51
Dogecoin (CRYPTO: DOGE)
-1.46%
$0.14
What Happened: Bitcoin sailed to an intraday high of $68,693 during U.S. evening hours before dipping below $68,000 on profit-taking.
The world’s largest cryptocurrency took a sharp U-turn after clinching $69,000 earlier this week. Its October gains stood at 7% as of this writing, well below the historical average of 21.57%.
Ethereum failed to rise, wobbling in the $2,500 range throughout the day.
Total cryptocurrency liquidations breached $104 million in the last 24 hours, with long liquidations accounting for half of them.
Bitcoin’s Open Interest rose marginally by 0.05% in the 24 hours. Interestingly, most institutional investors and top traders on Binance bet against the cryptocurrency, as per the Long/Shorts Ratio.
Market sentiment remained in the “Greed” zone, according …
Full story available on Benzinga.com