The major cryptocurrencies displayed a mixed performance on Sunday evening as Bitcoin, the world’s largest cryptocurrency, seemed to be undergoing a correction, while some altcoins were experiencing significant gains.
What Happened: Bitcoin’s rally experienced a temporary pause on Sunday as it briefly dropped to $41,800. This slight decline indicates that traders may have opted to secure some profits after witnessing the cryptocurrency’s substantial surge from $38,000 just a week ago.
ETH witnessed a notable 5% surge reaching its highest price point since May 2022.
Data from CoinGlass shows that in the past 24 hours, the cryptocurrency market experienced a total liquidation value of $374.41 million and 109,015 traders were affected. The largest individual liquidation order occurred on OKX, involving BTC-USDT-SWAP with a value of $8.23 million.
Top Gainer (24 Hour)
Cryptocurrency Gains +/- Price (Recorded 9:30 p.m. EDT) Helium +14.06% $5.06 BitTorrent +11.99% $0.00000124 Injective +8.06% $20.63
The global crypto market cap has reached $1.6 trillion, marking a 1.34% increase in the last 24 hours.
U.S. stock futures showed a slight increase on Sunday night as investors eagerly anticipate the final Federal Reserve meeting of 2023.
Dow Jones Industrial Average futures gained 22 points, equivalent to a 0.06% increase, while S&P futures and Nasdaq 100 futures experienced smaller gains of less than 0.1%. The S&P 500 and Nasdaq Composite both closed Friday with a notable six-week winning streak, achieving gains of 0.2% and 0.7% respectively. In contrast, the ...