Leading cryptocurrencies dipped on Sunday as investors remain cautious ahead of President Donald Trump’s tariff “Liberation Day.”
Cryptocurrency | Gains +/- | Price (Recorded at 8:45 p.m. ET) |
Bitcoin (CRYPTO: BTC) | -1.38% | $81,421.08 |
Ethereum (CRYPTO: ETH) |
-1.80% | $1,782.50 |
Dogecoin (CRYPTO: DOGE) | -2.66% | $0.1637 |
What Happened: Bitcoin tumbled below $82,000 during the weekend, a sharp U-turn after hitting nearly $90,000 earlier in the week.
Ethereum also dipped below $1,800 after breaching $2,000 early in the week, marking a 9% decline.
The apex cryptocurrency was down 12.21% in the first quarter, on track to record its worst since 2018. Similarly, Ethereum sank over 45% this quarter. The last time it experienced such struggles was in 2018, when it fell by 46%.
Interestingly, Bitcoin’s dominance reached a 4-year high of 61.2%, indicating increased rotation out of altcoins toward the leading digital asset.
Bitcoin’s Open Interest dropped by 2.85% in the last 24 hours, suggesting weak speculative demand. The percentage of traders positioned short on BTC rose sharply vis-à-vis those betting on its price increase, according to the Long/Short Ratio.
“Fear” sentiment dominated the market, according to the Crypto Fear and Greed Index.
Top Gainers (24-Hours)
Cryptocurrency | Gains +/- | Price (Recorded at 8:45 p.m. ET) |
EOS (EOS) | +10.73% | $0.6 |
Toncoin (TON) | +5.75% | $3.87 |
Four (FORM) | +5.11% | $2.30 |
The global cryptocurrency market capitalization stood at …
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