Leading cryptocurrencies dipped on Wednesday as investors weighed the market uncertainties of President Donald Trump’s tariff-related announcements.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | -0.02% | $87,151.49 |
| Ethereum (CRYPTO: ETH) |
-0.89% | $1,996.20 |
| Dogecoin (CRYPTO: DOGE) | -3.29% | $0.1893 |
What Happened: Bitcoin wobbled between the highs of $86,000 and $87,000 throughout the day as trading volume fell by more than 10% in the last 24 hours.
The apex cryptocurrency was up 3.30% over the week but slid nearly 6.70% over the quarter, its worst since the COVID-19 outbreak during 2020.
Industry observers acknowledged that Bitcoin has reacted more to macroeconomic triggers recently and that uncertainty has caused short-term ripples.
Ethereum too stagnated, bouncing in the range just south of $2,000. The second-largest cryptocurrency experienced an even worse first quarter, falling 39% as of this writing.
Long liquidations hit over $113 million in the last 24 hours, significantly higher than bearish shorts.
Bitcoin’s Open Interest rose marginally by 0.10% in the last 24 hours, while funds locked in Ethereum’s futures dipped 1.44%.
The percentage of Bitcoin futures traders positioned bearish on the cryptocurrency exceeded those betting on its price increase, suggesting …
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