Leading cryptocurrencies dipped Sunday evening as profit-hungry traders locked in gains from last week's relief rally.
What Happened: Bitcoin, the largest digital asset on the planet, was hovering over the $66,000 mark, after soaring past $67,000 earlier in the day. The correction pushed the rest of the market to give up its previous week’s gains as well.
Bitcoin's Open Interest fell 1.13% in the last 24 hours to $32.73 billion at the time of publication. The biggest decline was seen on Bitget, while CME—the world's largest Bitcoin futures exchange—experienced a 0.65% drop.
Despite the correction, most traders were bullish on Bitcoin's prospects, as the number of long positions for the coin significantly exceeded shorts in the last 24 hours.
The Cryptocurrency Fear & Greed Index continued to signal "Greed," although the degree of greed subsided from last week's rally.
Top Gainer (24 Hour)
Cryptocurrency Gains +/- Price (Recorded 8:30 p.m. EDT) Bitcoin Cash (BCH) +1.66% $482.80 Arweave (AR) +1.06% $47.78 Chainlink (LINK) +0.49% $16.46
The global cryptocurrency market cap stands at $2.39 trillion, following a 1.59% decline in the last 24 hours.
Stock futures inched ...