Bitcoin, Ethereum, Dogecoin Lose Sheen Ahead Of Holidays But Top Analyst Points To This Indicator, Says BTC Will Hit A Top Above $168K

Leading cryptocurrencies traded in the red on Sunday as risk aversion intensified ahead of the holidays.

Cryptocurrency Gains +/- Price (Recorded at 8:30 p.m. ET)
Bitcoin (CRYPTO: BTC) -2.03% $94,810.09
Ethereum (CRYPTO: ETH)
               
-1.76% $3,283.41
Dogecoin (CRYPTO: DOGE)           -1.07% $0.3124

What Happened: Bitcoin went downhill after being faced with strong resistance from the bears at $97,000. The apex cryptocurrency was down nearly 11% over the week and 2.15% since December began.

Ethereum’s move above $3,600 was short-lived as the second-largest cryptocurrency reversed course, falling to an intraday low of $3,220. 

Both the blue-chip cryptocurrencies witnessed thin trading volume in the last 24 hours. 

Over $276 million was liquidated from the market in the last 24 hours, with long liquidations accounting for $204 million. 

Around $635 million in short positions risked liquidation if Bitcoin rebounds to $100,000.

Bitcoin’s Open Interest dropped 1.46% in the last 24 hours. However, the percentage of trader accounts on Binance placing long positions on the coin surged to 60%. 

The market remained engulfed in the “Greed” sentiment, according to the Cryptocurrency Fear & Greed Index.

Top Gainers (24-Hours)

Cryptocurrency Gains +/- Price (Recorded at 8:30 p.m. ET)
BitTorrent [New] (BTT) +8.26% $0.000001154
Aave (AAVE) +7.23% $320.23
FTX …

Full story available on Benzinga.com

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