Leading cryptocurrencies maintained sideways movement Sunday evening as investors eyed the Fed's interest rate decision and inflation data for guidance.
Cryptocurrency
Gains +/-
Price (Recorded 8:30 p.m. EDT)
Bitcoin (CRYPTO: BTC)
+0.34%
$69,499.92
Ethereum (CRYPTO: ETH)
+0.45%
$3,695.98
Dogecoin (CRYPTO: DOGE)
-0.30%
$0.1461
What Happened: Bitcoin wobbled in the $69,000 zone after falling sharply on stronger-than-expected jobs data on Friday.
Ethereum witnessed a similar trajectory, with the world's second-largest cryptocurrency consolidating in the $3,600 region.
In the past 24 hours, 26,965 traders were liquidated, with the total liquidations coming in at $41.52 million. Nearly equal amounts of long and short liquidations reflected the flatter trajectory.
The Open Interest in Bitcoin Futures rose 0.60%, mirroring the rise in spot price. On the other hand, Ethereum's OI fell 0.72%.
In the last 24 hours, the number of traders betting on Bitcoin's price decline surged dramatically vis-à-vis those who took long positions, suggesting the dominance of bearish sentiment.
Top Gainer (24 Hour)
Cryptocurrency
Gains +/-
Price (Recorded 8:30 p.m. EDT)
Mantra (OM)
+12.77%
$1.04
Chiliz (CHZ)
+8.29%
$0.128
Kaspa (KAS)
+6.97%
$0.1686
The global cryptocurrency market cap is $2.54 trillion, falling 0.42% in the last 24 hours.
Stock market futures traded in the red on Sunday night. The Dow Jones Industrial Average Futures fell 9 points, or 0.02%, to 38,850 as of 8:30 p.m. EDT. Futures tied to the S&P 500 slipped 0.04%, while Nasdaq 100 Futures dipped 0.09%.
This follows a positive week for Wall Street, with all three major indices recording significant gains. The S&P 500 hit a record intraday high on Friday.
This week, the consumer price index report and the Federal Reserve's rate decision, both due on Wednesday, will be on the radar of investors. As of this writing, there was a 99% probability of the Fed keeping the rates steady, according to the CME FedWatch Tool.
See More: Best Cryptocurrency Scanners
Analyst Notes: Widely followed cryptocurrency trader Mister Crypto noted "so much" liquidity for Bitcoin at $74,000, while analyzing its liquidation heatmap.
"Only a matter of time until BTC grabs it," the analyst predicted.
There is so much #Bitcoin liquidity sitting above $74,000. Only a matter of time until $BTC grabs it. pic.twitter.com/lX664cduaA
— Mister Crypto (@misterrcrypto) June 9, 2024
Moreover, popular cryptocurrency analyst Rekt Capital flagged the King Crypto's movement in what they termed as the "Post-Halving Re-Accumulation Range," with range highs at $71,500 and range lows at $60,600.
#BTC Bitcoin continues to consolidate in the Post-Halving Re-Accumulation Range The Range High resistance is ~$71500 The Range Low support is $60600$BTC #Crypto #Bitcoin pic.twitter.com/pnVsyJOROH
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オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。