Leading cryptocurrencies struggled alongside major stock indexes on Tuesday after consumer inflation rose more than expected in April.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:15 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.59% | $80,908.89 |
| Ethereum (CRYPTO: ETH) |
-1.62% | $2,288.88 |
| XRP (CRYPTO: XRP) | -2.15% | $1.44 |
| Solana (CRYPTO: SOL) | -2.26% | $94.99 |
| Dogecoin (CRYPTO: DOGE) | +0.08% | $0.1112 |
Crypto Market Stagnates
Bitcoin dived below $80,000 during the afternoon, but recouped gains late in the evening. $82,000. Ethereum struggled to break beyond the $2.300 resistance, while XRP traded in the red.
Cryptocurrency-related stocks fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 5.88% and 5.86%, respectively.
Over $275 million was liquidated in the past 24 hours, with $225 million in long positions alone wiped out, according to Coinglass data.
Bitcoin’s open interest rose nearly 1% over the last 24 hours. A rise in open interest while the price moves sideways typically indicates that new positions are being established, paving the way for a breakout.
“Fear” sentiment, meanwhile, returned, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:15 p.m. EDT) |
| Billions Network (BILL) | +34.37% | $0.1933 |
| SUPERFORTUNE (GUA) | +28.54% | $1.30 |
| Yooldo (ESPORTS) | +24.32% | $0.5641 |
The global cryptocurrency market capitalization …
