Leading cryptocurrencies rallied on Tuesday as lower-than-expected consumer inflation raised expectations of interest rate cuts.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:15 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.47% | $119,575.71 |
| Ethereum (CRYPTO: ETH) |
+6.95% | $4,577.98 |
| XRP (CRYPTO: DOGE) | +2.24% | $3.22 |
| Solana (CRYPTO: XRP) | +9.62% | $192.26 |
| Dogecoin (CRYPTO: SOL) | +4.19% | $0.2341 |
ETH’s Market Dominance At A 9-Month High
Bitcoin consolidated in the range between $119,000 and $120,000, while trading activity declined substantially.
Ethereum, meanwhile, soared above $4,600, extending a winning streak that has sent the second-largest cryptocurrency close to all-time highs. The coin recorded an 18% jump in trading volume.
ETH’s market dominance reached 13.7%, its highest in nine months. Bitcoin’s market share, on the other hand, dropped further to 58.8%.
Solana also popped more than 9% in the last 24 hours, while XRP gained 2.24%.
Over $480 million was liquidated from the cryptocurrency market in the last 24 hours, with $344 …