Leading cryptocurrencies fell, while stocks rebounded on Thursday as investors parsed the hawkish pivot in the Federal Reserve’s policy.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:25 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -2.49% | $63,012.93 |
| Ethereum (CRYPTO: ETH) |
-2.49% | $1,713.17 |
| XRP (CRYPTO: XRP) | -3.39% | $1.14 |
| Solana (CRYPTO: SOL) | -3.49% | $69.83 |
| Dogecoin (CRYPTO: DOGE) | -2.88% | $0.08369 |
Crypto Market Dips Further
Bitcoin fell to the early $62,000s, while Ethereum tumbled to an intraday low of $1,670, extending the broader market declines. XRP and Dogecoin also traded in the red.
Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closing down 3.46% and 1%, respectively.
Long liquidations surged, accounting for 80% of the total cryptocurrency liquidations in the last 24 hours, according to Coinglass data.
Bitcoin’s open interest fell by 2.38% over the last 24 hours. That said, the majority of retail and whale derivatives traders on Binance maintained significantly higher long positions in the apex cryptocurrency
“Extreme Fear” sentiment persisted 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. … |
