BTC - Bitcoin Moves Past Key $70K Level But Then Retreats Along With Ethereum And Dogecoin: Analyst Says 'This Bull Market Isn't Slow' | Benzinga
Leading cryptocurrencies continued their range-bound price action Monday following a brief spike.
What Happened: Bitcoin broke through $70,000 temporarily during the day, before retracing to the $68,000-$69,000 zone. The world's second-largest cryptocurrency has traded sideways since hitting its all-time high in March.
Similarly, Ethereum met a wave of selling pressure at $3,840, causing it to dip back to $3,700.
In the past 24 hours, 59,744 traders were liquidated, with the total liquidations coming in at $127.79 million. Nearly 60% were long liquidations.
Due to Bitcoin's upward moves, speculative traders got excited. Open Interest in Bitcoin futures rose 2.48% to $35.13 billion in the last 24 hours.
The surge was due to traders opening bullish long positions for Bitcoin, as the Longs/Shorts Ratio increased to 1.06 as of this writing.
The Cryptocurrency Fear & Greed Index flashed "Greed" as of this writing, signaling upside potential in the days to come.
Top Gainer (24 Hour)
Cryptocurrency Gains +/- Price (Recorded 8:30 p.m. EDT)
Kaspa (KAS) +17.40% $0.0705
DOG•GO•TO•THE•MOON (DOG) +17.11% $0.00882
Ethena (ENA) +11.81% $1.02
The global ...