Leading cryptocurrencies dipped on Tuesday, even as the stock market lifted to record highs.
| Cryptocurrency | Gains +/- | Price (Recorded at 7:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | -0.14% | $95,525.86 |
| Ethereum (CRYPTO: ETH) |
-1.96% | $2,674.93 |
| Dogecoin (CRYPTO: DOGE) | -2.19% | $0.2515 |
What Happened: Bitcoin plummeted to a two-week low of $93,388.83, breaking out of its rangebound price pattern.
Ethereum fell to an intraday low of $2,606.90 before recouping losses later in the evening.
Bitcoin’s dominance rose above 60%, while Ethereum accounted for a 10.3% share of the cryptocurrency market.
Cryptocurrency liquidations soared to $344.95 million in the last 24 hours, with over $278 million in upside bets getting erased.
Bitcoin’s Open interest rose by 1.12%. A rise in Open Interest, coinciding with a price decline, indicated the opening of new short positions.
That said, over $800 million in short positions will be liquidated if Bitcoin reclaims $100,000.
Market sentiment flipped into the “Fear” zone, according to the Crypto Fear & Greed Index, potentially leading to an increase in short positioning.
Top Gainers (24-Hours)
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