#BTC
Bitcoin Dips, While Ethereum, XRP, Dogecoin Gain: Bull Market 'Intact,' but Rally 'Showing Cracks,' Says Analyst
Leading cryptocurrencies stayed resilient on Tuesday while rising government bond yields weighed on stock markets.
Crypto Market Holds Steady
Bitcoin held on to support in the mid-$82,000 region, while bulls attempted a break above $85,000. Ethereum oscillated between $2,650 and $2,740, while XRP and Dogecoin inched higher.
Cryptocurrency-related stocks also fell, with Strategy Inc. ) and Bitmine Immersion Technologies Inc. ) closing down 1.57% and 0.41%, respectively.
More than $220 million in crypto positions were liquidated over the past 24 hours, with long traders suffering most of the losses, according to Coinglass data.
Bitcoin’s open interest slid 2.20% over the last 24 hours. A fall in open interest alongside a price increase typically suggests short sellers are buying back contracts to close losing positions.
Investor sentiment leaned toward “Greed,” according to the Crypto Fear & Greed Index.
The global cryptocurrency market capitalization stood at $2.96 trillion, up 0.30% over the last 24 hours.
Stocks Extend Losses
The stock market continued its downward trend on Tuesday. The Dow Jones Industrial Average fell 131.59 points, or 0.26%, to close at 51,349.9.The S&P 500 dropped 0.16% to end at 7,670.84,while the Nasdaq Composite dipped 0.09% to close at 26,797.54.
Bond yields , while talks aimed at ending the war in Iran made limited progress.
The returns on long-dated 10-year Treasury notes climbed to 5.29%, its highest level since 2007, while the 30-year yield rose above 5.6%, reaching its highest level since June 2002.
Bitcoin Rally Showing Cracks?
On-chain analytics firm CryptoQuant noted that Bitcoin profit-taking has reached its highest level since Dec. 2024, a signal that demand is “fading
“The bull market is intact, but the rally is showing cracks. $80,000 is the first support to watch,” CryptoQuant added.#Write2Earn #EarningsSeason #ETH #xrp $BTC $ETH $XRP
Bitcoin Dips, While Ethereum, XRP, Dogecoin Gain: Bull Market 'Intact,' but Rally 'Showing Cracks,' Says Analyst
Leading cryptocurrencies stayed resilient on Tuesday while rising government bond yields weighed on stock markets.
Crypto Market Holds Steady
Bitcoin held on to support in the mid-$82,000 region, while bulls attempted a break above $85,000. Ethereum oscillated between $2,650 and $2,740, while XRP and Dogecoin inched higher.
Cryptocurrency-related stocks also fell, with Strategy Inc. ) and Bitmine Immersion Technologies Inc. ) closing down 1.57% and 0.41%, respectively.
More than $220 million in crypto positions were liquidated over the past 24 hours, with long traders suffering most of the losses, according to Coinglass data.
Bitcoin’s open interest slid 2.20% over the last 24 hours. A fall in open interest alongside a price increase typically suggests short sellers are buying back contracts to close losing positions.
Investor sentiment leaned toward “Greed,” according to the Crypto Fear & Greed Index.
The global cryptocurrency market capitalization stood at $2.96 trillion, up 0.30% over the last 24 hours.
Stocks Extend Losses
The stock market continued its downward trend on Tuesday. The Dow Jones Industrial Average fell 131.59 points, or 0.26%, to close at 51,349.9.The S&P 500 dropped 0.16% to end at 7,670.84,while the Nasdaq Composite dipped 0.09% to close at 26,797.54.
Bond yields , while talks aimed at ending the war in Iran made limited progress.
The returns on long-dated 10-year Treasury notes climbed to 5.29%, its highest level since 2007, while the 30-year yield rose above 5.6%, reaching its highest level since June 2002.
Bitcoin Rally Showing Cracks?
On-chain analytics firm CryptoQuant noted that Bitcoin profit-taking has reached its highest level since Dec. 2024, a signal that demand is “fading
“The bull market is intact, but the rally is showing cracks. $80,000 is the first support to watch,” CryptoQuant added.#Write2Earn #EarningsSeason #ETH #xrp $BTC $ETH $XRP
