Leading cryptocurrencies fell on Sunday, but stock futures rose as consumer inflation eased to an 8-month low.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 8:25 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.24% | $68,673.86 |
| Ethereum (CRYPTO: ETH) |
-4.83% | $1,966.09 |
| XRP (CRYPTO: XRP) | -3.46% | $1.47 |
| Solana (CRYPTO: SOL) | -2.14% | $86.05 |
| Dogecoin (CRYPTO: DOGE) | -8.45% | $0.1022 |
Crypto Market Faces Selling Pressure
Bitcoin slid into the $68,000 region, while the trading volume for the apex cryptocurrency jumped 11% over the past day.
Ethereum also faced significant selling pressure, as the second-largest cryptocurrency fell below $2,000 amid an 80% spike in 24-hour trading volume. Dogecoin plunged more than 8%.
Roughly $325 million was liquidated from the market in the last 24 hours, according to Coinglass, with $240 million in bullish long bets wiped out.
Bitcoin’s open interest fell 2.69% over the past 24 hours, aligning with the drop in spot price. That said, the majority of retail and whale investors on Binance remained long on the cryptocurrency.
The “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 … |