Leading cryptocurrencies lifted alongside stocks on Wednesday, as soft private jobs data strengthened investor hopes that the Federal Reserve would slash interest rates next week.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +1.59% | $93,975.99 |
| Ethereum (CRYPTO: ETH) |
+6.57% | $3,210.98 |
| XRP (CRYPTO: XRP) | +2.06% | $2.20 |
| Solana (CRYPTO: SOL) | +5.53% | $145.94 |
| Dogecoin (CRYPTO: DOGE) | +4.01% | $0.1521 |
Crypto Rebound Gains Steam
Bitcoin covered further ground on Wednesday, climbing back above $94,000 for the first time in over two weeks.
Ethereum also advanced to levels last seen three weeks ago, with trading volume surging nearly 20% over the last 24 hours. XRP and Dogecoin added to their gains.
Shares of cryptocurrency-linked stocks such as Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closed up 3.89% and 5.48%, respectively, during the regular trading session.
Benzinga Edge delivers real-time stock alerts, trade ideas, and professional investing tools to help you navigate the market. Find out more about MSTR and BMNR here.
Cryptocurrency liquidations hit $400 million over the last 24 hours, according to Coinglass, with short liquidations accounting for 75% of the total.
Bitcoin’s open interest …
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