Leading cryptocurrencies traded flat on Tuesday, even as another Wall Street player announced a Bitcoin treasury strategy.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +0.58% | $87,826.14 |
| Ethereum (CRYPTO: ETH) |
-0.17% | $2,073.75 |
| Dogecoin (CRYPTO: DOGE) | +5.00% | $0.1945 |
What Happened: The apex cryptocurrency rallied to an intraday high of $88,542.39, a marked improvement from the lows of $77,500 two weeks ago. Bitcoin, however, still traded down over 19% from its all-time highs set two months earlier.
The sideways price action came despite video game retailer GameStop Corp. (NYSE:GME) announcing plans to adopt Bitcoin as a Treasury reserve asset.
Ethereum consolidated in the $2,000 region, with a high of $2,084.04 recorded during the day.
Bitcoin’s market dominance increased to 60.5% while Ethereum’s share shrank by 1.91% over the last 24 hours. Dogecoin, meanwhile, recorded a healthy gain of 5%.
In the past 24 hours, 79,798 traders were liquidated, with total liquidations at $159.85 million. Nearly equal amounts of longs and shorts were wiped out.
Bitcoin’s Open Interest fell 0.55% …
Full story available on Benzinga.com