Leading cryptocurrencies moved sideways Thursday as investors awaited key employment data releases to gather insight into the economy’s health.
Cryptocurrency
Gains +/-
Price (Recorded at 9:30 p.m. EDT)
Bitcoin (CRYPTO: BTC)
-0.08%
$61,059.00
Ethereum (CRYPTO: ETH)
-0.72%
$2,370.40
Dogecoin (CRYPTO: DOGE)
+0.30%
$0.1065
What Happened: Bitcoin wobbled in the $60,000 zone for much of the day before an overnight flourish saw it sail above $61,200.
Ethereum too meandered in the $2,300 region, failing to break above $2,400.
Sentiment has been damp since Iran’s missile barrage against Israel on Tuesday, with both Bitcoin and Ether correcting significantly, by 4.5% and 9.11%, respectively, since then.
Liquidations continued to bog the market down, with more than $192 million locked in the derivatives market getting erased in the last 24 hours. Upside bets accounted for 74% of the total.
Bitcoin’s Open Interest rose 0.85% in the last 24 hours, going against the price drop. This possibly indicated new short positions getting opened.
The coin’s Long/Short Ratio also surged to 1.09, indicating a higher number of traders placing …
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