Bitcoin, Ethereum, Dogecoin Sink As Risk Appetite Shrinks Ahead Of Trump’s ‘Liberation Day:’ Analyst Says Seasoned Participants Have Shifted From Selling To HODLing

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 …

Full story available on Benzinga.com

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