The cryptocurrency market frenzy paused Tuesday as Bitcoin remained rangebound below its all-time high.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:45 p.m. EDT) |
| Bitcoin (CRYPTO: BTC) | -0.27% | $72,106.26 |
| Ethereum (CRYPTO: ETH) |
+1.32% | $2,656.70 |
| Dogecoin (CRYPTO: DOGE) | -3.54% | $0.1683 |
What Happened: The world’s largest cryptocurrency almost set a new all-time high Monday before traders started to take profits.
On Tuesday, Bitcoin was glued in the $72,000 region, hitting an intraday high of $72,905 early in the evening.
Ethereum reversed course after breaking $2,700 briefly in the early morning hours.
Total cryptocurrency liquidations exceeded $100 million over the last 24 hours, with $62 million in bullish leveraged bets getting wiped out.
Bitcoin’s Open Interest rose 0.20% in the last 24 hours, in line with the sideways movement of the spot price.
Additionally, more than 61% of all derivatives traders with open positions were short on Bitcoin, according to the Long/Short Ratio.
“Extreme Greed” engulfed the market, as per the Cryptocurrency Fear and Greed Index, raising fears of a potential correction.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price (Recorded … |
Full story available on Benzinga.com