Leading cryptocurrencies tumbled, while stocks closed higher on Tuesday, as investors awaited the Federal Reserve’s minutes from January’s policy meeting.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 8:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -2.66% | $67,011.90 |
| Ethereum (CRYPTO: ETH) |
-1.34% | $1.973.18 |
| XRP (CRYPTO: XRP) | -1.18% | $1.46 |
| Solana (CRYPTO: SOL) | -3.00% | $84.33 |
| Dogecoin (CRYPTO: DOGE) | -0.14% | $0.1006 |
No Respite For Crypto
Bitcoin slid to an intraday low of $66,600, accompanied by a slight increase in 24-hour trading volumes.
Ethereum continued to battle bears at $2,000, while XRP and Solana recorded noticeable declines.
Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR) and BitMine Immersion Technologies, Inc. (NYSE:BMNR), closed down 3.89% and 3,86%, respectively.
Roughly $200 million was liquidated from the market in the last 24 hours, according to Coinglass, with $138 million in long liquidations alone wiped out.
Bitcoin’s open interest rose 0.68% over the past 24 hours. An increase in open interest coupled with a drop in price typically indicates entry of new short positions.
However, both retail and whale investors on Binance continued to be bullish on Bitcoin, placing a higher number of longs compared to shorts.
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