Bitcoin was steady, but Ethereum surged on Monday as companies aggressively bought the second-largest cryptocurrency for their reserves.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.01% | $114,846.41 |
| Ethereum (CRYPTO: ETH) |
+4.21% | $3,694.69 |
| Dogecoin (CRYPTO: DOGE) | +3.66% | $0.2092 |
| XRP (CRYPTO: XRP) | +1.87% | $3.07 |
| Solana (CRYPTO: SOL) | +3.13% | $169.27 |
Institutional Buying Boosts ETH
Bitcoin oscillated between $114,700 and $115, 500 for most of the day, with the intraday peak at $115,729.47.
Ethereum, on the other hand, rose steeply, buoyed by aggressive accumulation by ETH treasury companies, including SharpLink Gaming Inc. (NASDAQ:SBET).
Over $211 was liquidated from the cryptocurrency market in the last 24 hours, with $141 million in downside bets wiped out.
Bitcoin’s open interest fell by 0.88% in the last 24 hours, while Ethereum’s open interest rose 2.62% in the same time. Interestingly, Binance Futures still leaned bullish for BTC, according to the Long/Short ratio.
The “greed” sentiment weakened over the last 24 hours, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency | Gains +/- | Price (Recorded … |
|---|