Leading coins remained steady on Thursday amid reports that President-elect Donald Trump may announce several pro-cryptocurrency measures after being sworn in.
Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
Bitcoin (CRYPTO: BTC) | +0.31% | $100,211.61 |
Ethereum (CRYPTO: ETH) |
-1.77% | $3,340.29 |
Dogecoin (CRYPTO: DOGE) | +0.54% | $0.3789 |
What Happened: Bitcoin wiggled in the $100,000 region, a day after reclaiming the psychologically important level on softer inflation data.
Ethereum also chopped in the $3,300-$3,900 zone as holders waited for the second-largest cryptocurrency to recapture the $4,000 milestone it reached last month.
The cryptocurrency market was brimming with optimism ahead of Trump’s inauguration on Jan. 20. The president-elect was reportedly planning to designate cryptocurrency policy as a national priority.
Over $332 million was liquidated from the cryptocurrency market in the last 24 hours, with long liquidations accounting for $188 million.
About $960 million in upside bets could be liquidated if Bitcoin falls back to $95,000.
Bitcoin’s Open Interest rose 2.21% in the last 24 hours. A sideways price movement, coupled with a rising …
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