NVDA - Bitcoin Ethereum Dogecoin Rebound From Monday's Fall — How Long Before King Crypto Hits Current Range Highs Of $71.5K? | Benzinga
Leading cryptocurrencies bounced back Tuesday, a day after heavy sell-offs sent prices plummeting to an 8-week low.
What Happened: Bitcoin witnessed a steady ascent during the day, briefly rising above $62,000. The relief rally came after the King Crypto dipped below $60,000 on Monday on fears of Mt.Gox's repayment plans.
Buying pressure was back for Ethereum, seemingly boosted by SEC chair Gary Gensler's comments about the review of spot ETFs going "smoothly."
As many as 32,307 traders were liquidated in the last 24 hours, with total liquidations at $87.59 million. Short liquidations accounted for 64% of the total.
The rally fueled a 0.19% jump in Bitcoin's Open Interest in the last 24 hours, a sign that fresh money has come into the market.
The number of traders taking bearish bets on Bitcoin rose vis à vis those bullish on the asset in the last ...