Bitcoin, Ethereum, XRP Slide While Dogecoin Gains as Trump Rejects Iran's Hormuz Proposal: Analyst Sees BTC Marching to $90,000 Levels if This Happens
Leading cryptocurrencies stagnated on Sunday as investors weighed ongoing U.S.-Iran negotiations alongside a series of anticipated macroeconomic data. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:24 p.m. EDT) Bitcoin (CRYPTO: BTC) -0.30% $84,057.20 Ethereum (CRYPTO: ETH) -0.70% $2,672.82 XRP (CRYPTO: XRP) -0.10% $1.52 Solana (CRYPTO: SOL) +1.00% $122 Dogecoin (CRYPTO: DOGE) +0.70% $0.09675 Crypto Rally Halts Bitcoin slipped below $84,000 Sunday evening after briefly topping $85,000 earlier in the day. Ethereum wobbled between $2,667 and $2,720, while Dogecoin inched higher. Over $190 million was liquidated from the cryptocurrency market in the last 24 hours, split nearly evenly between long and short positions, according to Coinglass data. Bitcoin's open interest fell 0.50% over the last 24 hours and more than 11% over the past week. Binance whale derivatives traders flipped "Bullish" on BTC, while the retail crowd remained "Neutral." "Greed" sentiment prevailed in the market, according to the Crypto Fear & Greed Index. Top Gainers (24 Hours) Cryptocurrency Gains +/- Price (Recorded at 9:24 p.m. EDT) Quant (QNT) +36.20% $251.28 Bitway (BTW) +20.80% $1.22 Pump.fun (PUMP) +1
-Iran negotiations alongside a series of anticipated macroeconomic data. m. 09675 Crypto Rally Halts Bitcoin slipped below $84,000 Sunday evening after briefly topping $85,000 earlier in the day. Ethereum wobbled between $2,667 and $2,720, while Dogecoin inched higher.
Over $190 million was liquidated from the cryptocurrency market in the last 24 hours, split nearly evenly between long and short positions, according to Coinglass data. 50% over the last 24 hours and more than 11% over the past week. " "Greed" sentiment prevailed in the market, according to the Crypto Fear & Greed Index. m.
60% over the last 24 hours. Read Also: Bitcoin Is an 'Exit Asset'—Ethereum Is the New Rails Bet, Ex-BlackRock Exec Says Stock Futures Slide Stock futures ticked lower late Sunday. m. EDT.
19%. President Donald Trump said he had rejected an Iranian proposal to reopen the Strait of Hormuz and end fighting, but hopes the two sides will reach an agreement before or after the midterms. A busy week of key economic data lies ahead, with the August personal consumption expenditure price index due on Wednesday and the September jobs report on Friday. What Lies Ahead for Bitcoin?
Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, identified $84,800 as the key resistance Bitcoin must break to resume its upward grind. "If that breaks, I think that we'll see a continuation towards the $90,000 levels," Van De Poppe added. Essentially, there's only one level that #Bitcoin needs to break, and then, once again, we'll continue to grind higher. That's the $84,800.
If that breaks, I think that we'll see a continuation towards the $90,000 levels. " "Hesitant price action here can result in price returning inside the range," the analyst added. Important note on $BTC: as we get close to end of week, the weekly candle does not look like a decisive breakout. Price taking out an important hurdle usually forms a long white or black weekly candle.
See earlier breakouts/breakdowns. com