Bitcoin Struggles To Hold $115,000 – Solana, Ethereum, Dogecoin Show Strength
Synopsis
The crypto market tried to climb upwards after President Donald Trump issued a fresh round of tariffs on Friday amid a choppy week of ETF flows.
Bitcoin (BTC) remained below $115,000 in pre-market U.S. hours on Tuesday while Solana (SOL), Ethereum (ETH), and Dogecoin (DOGE) showed strength.
The overall cryptocurrency market gained around 1% over the past day, with the overall value stable at around $3.8 trillion. Bitcoin’s price edged 0.4% higher in the last 24 hours, while retail sentiment on Stocktwits remained in ‘bearish’ territory. Bitcoin’s current price is 6.5% below its all-time high of over $122,000, seen last month.
Ethereum price gained 3.3% in the last 24 hours, crossing $3,600. On Stocktwits, retail sentiment around Bitcoin and Ethereum remained in ‘bearish’ territory over the past day. Solana and meme token Dogecoin also showed strength. Solana’s price was up 5.3% and Dogecoin’s price rose 33.4% over the past day.
Meanwhile, Ripple’s native token XRP (XRP) was up 3% and Cardano’s ADA (ADA) gained around 2% in pre-market U.S. hours.
As the market tried to climb upwards after President Donald Trump issued a fresh round of tariffs on Friday amid a choppy week of ETF flows, only $300 million worth of crypto was liquidated over the past day, according to Coinglass data. There was a fairly even divide between short bets and long bets being liquidated. Long liquidations were around $135 million, while short liquidations totaled $167 million. Ethereum experienced the largest liquidations of $112 million, followed by Bitcoin at $40 million.
Crypto-linked stocks recorded a mixed performance during pre-market trade on Tuesday. Shares of Strategy (MSTR), the largest corporate holder of Bitcoin, edged 0.3% lower. Bitcoin miner Riot Platforms (RIOT) stock edged 0.5% higher, but shares of its peer, Mara Holdings (MARA), slipped 0.3%. Crypto exchange Coinbase Global’s (COIN) shares dropped more than 2.5% in pre-market trade.
Read also: Strategy Buys 21,021 More Bitcoin In $2.46 Billion Bet On BTC
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.