Leading cryptocurrencies continued their downward march on Thursday as President Donald Trump’s tariff plan worsened investors’ fears.
| Cryptocurrency | Gains +/- | Price (Recorded at 7:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | -0.16% | $84,442.44 |
| Ethereum (CRYPTO: ETH) |
-1.17% | $2,305.90 |
| Dogecoin (CRYPTO: DOGE) | +1.68% | $0.2058 |
What Happened: Bitcoin rose to $87,000 early in the morning, igniting hopes of a revival, only to fall back to the $83,000 zone by the evening.
The apex cryptocurrency has dropped 16.97% since the month began, on track for its worst February since 2014.
Ethereum too plunged to an intraday low of $2,230.45 after lifting above $2,300 earlier in the day. The second-largest cryptocurrency was headed toward its worst February performance.
Over $390 million was liquidated from the cryptocurrency market in the last 24 hours, with $303 million in long positions wiped out.
Bitcoin’s Open Interest dropped 4.62% in the last 24 hours. About 58% of Bitcoin futures traders were positioned short, according to the Long/Short Ratio, suggesting a bearish mood.
The Crypto Fear and Greed Index was at a multi-year low, with the …
Full story available on Benzinga.com