Leading cryptocurrencies were rangebound Sunday as investors awaited fresh macroeconomic data to assess investments in riskier markets.
| Cryptocurrency | Gains +/- | Price (Recorded at 7:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +0.20% | $98,435.33 |
| Ethereum (CRYPTO: ETH) |
-0.44% | $3,644.50 |
| Dogecoin (CRYPTO: DOGE) | -3.07% | $0.3819 |
What Happened: Bitcoin saw choppy movement, oscillating between $98,700 and $97,300. The world’s leading cryptocurrency has regained momentum since New Year, resulting in weekly gains of 4.59%.
Ethereum also stagnated at around the $3,600 level. The coin has endured weeks of corrective action since hitting $4,000 last month.
About $136 million was liquidated from the cryptocurrency market in the last 24 hours, with long positions accounting for 66% of the total.
Bitcoin’s Open Interest rose by 0.48%, indicating speculative interest for the leading asset.
That said, the Long/Short Ratio dropped in the last 24 hours, suggesting expectations of further decline in prices.
Market sentiment entered the “Extreme Greed” zone, according to the Crypto Fear & Greed Index.
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