Leading cryptocurrencies shed early gains on Tuesday, while stocks recovered well following Monday’s DeepSeek scare.
| Cryptocurrency | Gains +/- | Price (Recorded at 7:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | –0.12% | $101,743.75 |
| Ethereum (CRYPTO: ETH) |
-1.77% | $3,110.48 |
| Dogecoin (CRYPTO: DOGE) | -2.73% | $0.3236 |
What Happened: Bitcoin fell to $100,260 by the evening after a surge to $103,465 in the morning hours. The leading cryptocurrency eventually rose above $101,000 as traders bought the dip.
Ethereum also gave up early advances, falling to a low of $3,044 after a move above $3,200 in the morning.
More than $300 million was liquidated from the cryptocurrency market over the last 24 hours, with $229 million in upside bets getting deleted.
Bitcoin’s Open Interest slid by nearly 4% in the last 24 hours. A drop in spot price, coinciding with a drop in OI, suggested liquidation of longs.
Interestingly, 60% of Binance’s top traders were still long Bitcoin, indicating a potential rebound in the coming days.
The market sentiment remained in the “Greed” zone, according …
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