Leading cryptocurrencies rose Sunday as President Donald Trump called Bitcoin’s growing adoption a “great thing” for the United States.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +1.18% | $108,713.46 |
| Ethereum (CRYPTO: ETH) |
+3.07% | $2,511.22 |
| Dogecoin (CRYPTO: DOGE) | +3.03% | $0.1688 |
What Happened: Bitcoin hit the upper reaches of $108,000, as trading volume for the apex cryptocurrency jumped over 25% in the last 24 hours. Its market dominance rose further to 64.6%.
The asset received a new round of support from Trump, who said Bitcoin was helping to ease pressure on the dollar and that its growing adoption was “a great thing” for the U.S.
Ethereum also erupted late evening, reaching intraday highs of $2,523.32.
The rally resulted in nearly $200 million in cryptocurrency liquidations in the last 24 hours, with $164 million in shorts wiped out.
Bitcoin’s open interest rose 3.82% in the last 24 hours. Interestingly, the majority of top trader accounts on Binance with open BTC positions …