Bitcoin, Ethereum, XRP Gain, While Dogecoin Dips After Treasuries Retreat From 24-Year Highs: Analyst Says BTC Is 'Finally Breaking Upwards'
Leading cryptocurrencies rose in tandem with stocks on Thursday as Treasury yields retreated after briefly touching a 24-year high earlier in the day. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:27 p.m. EDT) Bitcoin (CRYPTO: BTC) +1.40% $84,613.14 Ethereum (CRYPTO: ETH) +0.90% $2,700.43 XRP (CRYPTO: XRP) +0.40% $1.49 Solana (CRYPTO: SOL) +0.70% $118.71 Dogecoin (CRYPTO: DOGE) -0.50% $0.0935 Bitcoin, Crypto Stocks Gain Bitcoin broke through $85,000 after days of sideways action, while Ethereum remained rangebound. XRP and Solana recorded modest increases. Cryptocurrency-related stocks lifted, with Strategy Inc. (NASDAQ: MSTR ) and Bitmine Immersion Technologies Inc. (NYSE: BMNR ) closing up 4.84% and 1.14%, respectively. Over $190 million was liquidated from the cryptocurrency market in the last 24 hours, with $107 million in bullish long positions evaporated, according to Coinglass data. Bitcoin’s open interest spiked 2.39% over the last 24 hours. Traders holding open BTC derivatives positions flipped to “Neutral,” with their Long/Short ratio falling sharply. Top Gainers (24 Hours) Cryptocurrency Gains +/- Price (Recorded at 9:27 p.m. EDT) Bitway (BTW) +8.90% $1.43 Aave (
Leading cryptocurrencies rose in tandem with stocks on Thursday as Treasury yields retreated after briefly touching a 24-year high earlier in the day. m. 0935 Bitcoin, Crypto Stocks Gain Bitcoin broke through $85,000 after days of sideways action, while Ethereum remained rangebound. XRP and Solana recorded modest increases.
Cryptocurrency-related stocks lifted, with Strategy Inc. (NASDAQ: MSTR ) and Bitmine Immersion Technologies Inc. 14%, respectively. Over $190 million was liquidated from the cryptocurrency market in the last 24 hours, with $107 million in bullish long positions evaporated, according to Coinglass data.
39% over the last 24 hours. Traders holding open BTC derivatives positions flipped to “Neutral,” with their Long/Short ratio falling sharply. m. 08251 Read Also: Bitcoin Analyst: 'Only Michael Saylor' Can Do Strategy's Treasury Model Stock Market Rebound s Stocks recovered ground to start October in the green.
56. 60. 34%, its highest level since April 2002. 6% the day before, according to the CME FedWatch tool.
Bitcoin to Move Up Faster? Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, called Bitcoin’s move above $84,800 a “great” development “Now, if this holds, then we’re going to see a lot more momentum on the Altcoin markets again after a few days of no volatility,” Van De Poppe said. This is actually great for #Bitcoin. It's finally breaking upwards and it breaks $84,800.
Now, if this holds, then we're going to see a lot more momentum on the #Altcoin markets again after a few days of no volatility. ” “With reduced ask liquidity above, this should allow price to move up faster,” Glassnode noted. Woo added that there’s plenty of buy support below current BTC levels and less sell pressure above. com