BTC - Bitcoin Ethereum Dogecoin Edge Higher On Memorial Day: Analyst Finds The Climb 'Encouraging' On Stock Market Holiday | Benzinga
The cryptocurrency market consolidated on Monday as stocks remained closed for Memorial Day
What Happened: Blue-chip currencies, Bitcoin and Ethereum, spiked earlier in the day, with Bitcoin crossing $70,000. However, the rise was cut short due to profit-taking.
Ethereum bulls were similarly met with resistance as the second-largest cryptocurrency was about to break $4,000.
With no apparent bearish or bullish dominance, total liquidations in the last 24 hours totaled $124 million, with longs and shorts split roughly equally.
Bitcoin's Open Interest rose 1.78% in the last 24 hours, higher than its spot price gains. This indicates that new money was flowing into the market, potentially leading to a more sustained price rise in the days ahead.
The Cryptocurrency Fear & Greed Index flashed "Greed," but the intensity of the market mood fell significantly in the last 2-3 days.
Top Gainer (24 Hour)
Cryptocurrency Gains +/- Price (Recorded 8:30 p.m. EDT)
Notcoin (NOT) +54.52% $0.008386
Floki (FLOKI) +18.73% $0.0002741
dogwifhat (WIF) +13.44% $3.39
The global cryptocurrency market cap stands at $2.59 trillion, following a 1.24% increase in the last 24 hours.
Stock futures gained on Monday night. The Dow Jones Industrial ...