Leading cryptocurrencies spiked Tuesday ahead of President Donald Trump’s tariff rollout on the symbolic “Liberation Day.”
| Cryptocurrency | Gains +/- | Price (Recorded at 8:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +2.84% | $85,045.33 |
| Ethereum (CRYPTO: ETH) |
+3.82% | $1,893.14 |
| Dogecoin (CRYPTO: DOGE) | +3.45% | $0.1726 |
What Happened: Bitcoin reclaimed and consolidated in the $85,000 zone, triggering a leg up for other large-cap coins like Ethereum and Dogecoin.
The second-largest cryptocurrency, however, failed to capitalize on the surge, dropping below $1,900 overnight.
Bitcoin’s dominance rose further to 61.8%, its highest since February 2021.
Over $256 million was liquidated from the market in the last 24 hours, with short positions accounting for the majority of the losses.
Bitcoin’s Open Interest, or the dollars locked in its unsettled futures contracts, rose by 5.25% in the last 24 hours, suggesting an influx of new money into the market.
The Long/Short Ratio was over 1 as of this writing, indicating a higher number …
Full story available on Benzinga.com