Leading cryptocurrencies jumped on Wednesday as optimism about a rate cut boosted investors’ risk appetite.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +3.37% | $123,500.92 |
| Ethereum (CRYPTO: ETH) |
+3.12% | $4,724.41 |
| XRP (CRYPTO: XRP) | +1.96% | $3.29 |
| Solana (CRYPTO: SOL) | +4.75% | $202.31 |
| Dogecoin (CRYPTO: DOGE) | +4.20% | $0.2442 |
Ethereum Surges Nearly 90% in Q3
Bitcoin smashed new all-time highs overnight, reaching a new peak of $124,457 before pulling back. Ethereum was only 3.33% away from hitting its own record high.
The two cryptocurrency heavyweights performed admirably in the third quarter, with ETH rising about 89% and BTC up 14% as of this writing.
Bearish traders continued to feel the feat as over $280 million in shorts was liquidated from the cryptocurrency market in the last 24 hours.
Bitcoin’s open interest climbed 5.36% in the last 24 hours, and 7.8% in the last week, to $84.53 billion. The majority of Binance futures traders with open BTC positions were short as of this writing, according to the Long/Short ratio.
The “Greed” sentiment rose from 73 to …