Leading coins plunged deeper on Tuesday as “Fear” sentiment took over the cryptocurrency market.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -2.84% | $113,153.74 |
| Ethereum (CRYPTO: ETH) |
-5.54% | $4,096.60 |
| XRP (CRYPTO: XRP) | -6.43% | $2.87 |
| Solana (CRYPTO: SOL) | -4.03% | $177.68 |
| Dogecoin (CRYPTO: DOGE) | -6.30% | $0.2103 |
‘Greed’ Gives Way To ‘Fear’
Bitcoin sank below $113,000 late afternoon and has since traded in a narrow range.
Outflows from Bitcoin spot exchange-traded funds increased to $523.31 million, according to the analytics dashboard SoSo Value, indicating high selling pressure from institutions.
Ethereum tumbled to an intraday low of $4,070.54 overnight, down nearly 14% from its multi-year highs set last week. XRP and Solana dived 6.43% and 4.03%, respectively, over the last 24 hours.
Bullish traders continued to face the brunt, with over $456 million in long positions evaporating in the last 24 hours.
Bitcoin’s open interest fell 1.66% over the last 24 hours. That said, over 60% of top Binance traders with open BTC positions were positioned long.
“Fear” sentiment took over the cryptocurrency market, according to …