Leading cryptocurrencies rose on Tuesday, while the stock market slipped as the Federal Reserve released minutes from its December meeting.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:35 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +1.78% | $88,600.81 |
| Ethereum (CRYPTO: ETH) |
+1.88% | $2,978.98 |
| XRP (CRYPTO: XRP) | +1.78% | $1.88 |
| Solana (CRYPTO: SOL) | +2.39% | $125.71 |
| Dogecoin (CRYPTO: DOGE) | +0.76% | $0.1235 |
Bitcoin, Ethereum On Track For Worst Q4 Since 2018
Bitcoin rose but failed to break past the $89,000 barrier, while trading volume for the apex cryptocurrency plummeted 24% in the last 24 hours. Ethereum again stalled at $3,000 amid a 27% dip in trading volume.
The two heavyweights are poised for their weakest fourth quarter performances since 2018, with Bitcoin down 22.37% and Ethereum losing 28%.
Meanwhile, shares of cryptocurrency-linked stocks Bitmine Immersion Technologies Inc. (NYSE:BMNR) and Coinbase Global Inc. (NASDAQ:COIN) closed down 2.87% and 0.93%, respectively, during the regular trading session.
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Nearly $180 million was liquidated from the cryptocurrency market in the last 24 hours, according to Coinglass, with roughly equal amounts of longs and shorts erased.
Bitcoin’s open interest fell 2.28% in the last 24 hours. …