Cryptocurrencies, the stock market, and commodities, including gold and silver, struggled on Monday ahead of the release of the Federal Reserve’s meeting minutes.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.03% | $87,054.88 |
| Ethereum (CRYPTO: ETH) |
-1.13% | $2,926.76 |
| XRP (CRYPTO: XRP) | -1.27% | $1.84 |
| Solana (CRYPTO: SOL) | -2.82% | $122.87 |
| Dogecoin (CRYPTO: DOGE) | -1.76% | $0.1225 |
Bitcoin Gets Rejected At $90,000
Bitcoin surged beyond $90,000, only to reverse and fall back to $86,000 in the early trading hours. Trading volume for the apex cryptocurrency jumped 187% over the last 24 hours, indicating high liquidity and trader interest.
Ethereum’s rally beyond $3,000 was also halted, as the second-largest cryptocurrency dipped and subsequently consolidated in the $2,900 range. Trading volume more than doubled in the 24-hour period. XRP and Dogecoin also recorded noticeable drops.
Shares of cryptocurrency-linked stocks Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closed down 2.15% and 1.32%, respectively, during the regular trading session.
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Over $270 million was liquidated from the cryptocurrency market …