Leading cryptocurrencies retreated alongside stocks on Tuesday as investors cashed in on recent gains.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:25 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.18% | $65,513.55 |
| Ethereum (CRYPTO: ETH) |
-0.45% | $1,784.83 |
| XRP (CRYPTO: XRP) | -1.77% | $1.20 |
| Solana (CRYPTO: SOL) | -1.16% | $73.30 |
| Dogecoin (CRYPTO: DOGE) | -0.97% | $0.08708 |
Crypto Market Takes A Breather
Bitcoin gave back some of its recent gains, falling back into the $65,000 zone after coming close to breaking $67,000. Ethereum followed suit, reversing from the intraday high of $1,837 to the high $1,700s. XRP and Dogecoin also pulled back.
Cryptocurrency-related stocks also retreated, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 6.35% and 5.26%, respectively.
Over $340 million was liquidated from the market in the last 24 hours, with long position traders bearing the brunt of the losses, according to Coinglass data.
Alongside the spot price dip, Bitcoin’s open interest contracted by 1.59% over the last 24 hours. Retail and whale derivatives traders on Binance, meanwhile, remained long on the apex cryptocurrency.
“Extreme Fear” sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:25 p.m. EDT) |
| Block Street (BSB) | +42.54% | $0.5404 |
| LAB (LAB) | +37.97% | $13.51 |
| SKYAI … |
