Bitcoin, Ethereum, XRP, Dogecoin Rally as 'Extreme
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Bitcoin, Ethereum, XRP, Dogecoin Rally as 'Extreme Fear' Persists: Analyst Expects a 'Quick' Move Upward for BTC After 'Shallow' CorrectionLeading cryptocurrencies gained alongside stock futures on Sunday as investors braced for the release of the Federal Reserve’s June meeting minutes.
Crypto Market Lifts
Bitcoin spiked late evening, nearly breaking $64,000, as trading volume increased marginally. Ethereum broke through $1,800, with a 41% jumpe in 24-hour volume, while XRP and Dogecoin inched higher.
Over $160 million was liquidated from the cryptocurrency market in the last 24 hours, with $108 million in bearish short positions, according to Coinglass data.
Bitcoin’s open interest rose 1.21% over the last 24 hours. Meanwhile, retail and whale derivatives traders remained net long on the apex cryptocurrency.
"Extreme Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
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