Leading cryptocurrencies mirrored the stock rally on Wednesday as investors increased risk appetite in the wake of Apple Inc.‘s (NASDAQ:AAPL) $100 billion investment pledge in the U.S.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +1.25% | $115,094.52 |
| Ethereum (CRYPTO: ETH) |
+3.24% | $3,687.41 |
| Dogecoin (CRYPTO: DOGE) | +4.03% | $0.2055 |
| XRP (CRYPTO: XRP) | +2.27% | $2.99 |
| Solana (CRYPTO: SOL) | +3.79% | $168.45 |
Rally Liquidates Bearish Positions, Grees Sentiment Returns
Bitcoin reclaimed $115,000 following Tuesday’s dip below $113,000. Ethereum breached the resistance at $3,700 overnight, gaining over 3% in the last 24 hours.
It remains to be seen if the apex cryptocurrency can sustain its advance in the face of increased tariffs on Bitcoin mining equipment from Southeast Asia, which are slated to take effect on Aug. 7.
Nearly $170 million was liquidated from the cryptocurrency market in the last 24 hours, with short position traders facing the brunt of the losses..
Bitcoin’s open interest dipped 0.65% in …