5 hours ago
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Leading cryptocurrencies rose on Sunday evening following weeks of sideways price action, while stock futures dipped.
What Happened: Bitcoin breached the $86,000 barrier to touch $87,000 for the first time in nearly three weeks. The apex cryptocurrency's breakout spurred a similar price action for Dogecoin.
Ethereum, on the other hand, failed to generate momentum, as the second-largest cryptocurrency remained in the $1,600 range.
Bitcoin's monthly gains reached nearly 3%, in stark contrast to ETH’s 13.26% drop.
The late evening rally pushed the 24-hour liquidations past $220 million, with over $140 million in short positions erased.
Bitcoin’s Open Interest rose marginally by 0.50% in the last 24 hours, indicating a surge in volatility and speculative demand.
The percentage of traders placing bullish long bets on Bitcoin surged to 55%, according to the Long/Short Ratio, indicating expectations of a sustained rally.
The market sentiment stayed in the “Fear” category, according ...
