Leading cryptocurrencies faced heavy sell-offs Sunday evening, mirroring the decline in stock futures.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | -2.81% | $101,669.43 |
| Ethereum (CRYPTO: ETH) |
-3.80% | $3,203.23 |
| Dogecoin (CRYPTO: DOGE) | -7.07% | $0.3299 |
What Happened: Bitcoin plunged from $105,000 in the afternoon to $101,000 by evening, triggering a broader market slump.
Ethereum slipped from $3,340 to $3,178, while Dogecoin also plunged more than 7%.
About $400 million was liquidated from the cryptocurrency market in the last 4 hours of trading, with long liquidations accounting for $389 million.
The number of traders placing downside bets on Bitcoin increased in comparison to those gunning for price increases, according to the Long/Short ratio.
Bitcoin’s Open Interest rose marginally in the last 24 hours. A rise in OI, coming alongside a drop in prices, indicated short selling.
The market sentiment remained in the “Greed” zone, according to the Crypto Fear & Greed Index.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Onyxcoin (XCN) | +12.16% | $0.03633 |
| Jupiter (JUP) | +9.88% | $1.03 |
| AIOZ Network (AIOZ) | +8.27% | $0.843 |
The global cryptocurrency market …
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