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Bitcoin gained, but altcoins pulled back from Sunday amid Federal Reserve Governor’s dovish comments on rate cuts.
The apex cryptocurrency ticked higher, alongside a 22% jump in trading volume over the last 24 hours.
Ethereum, which smashed past $4,300 during the weekend, corrected slightly, with trading activity contracting 25% in the 24-hour period.
ETH’s market dominance sailed past 13% for the first time in eight months, while Bitcoin’s market share dipped below 60%.
XRP slid 0.50%, although the third-largest cryptocurrency looked set to finish the week in the green.
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Nearly $300 million was liquidated from the cryptocurrency market in the last 24 hours, with $166 million in bullish longs wiped out.
Bitcoin’s open interest rose 1.36% in the last 24 hours. Meanwhile, ETH’s open interest soared 26% in the last week, hitting new highs.
“Greed” sentiment strengthened in the last 24 hours, according to the Crypto Fear & Greed Index, suggesting significant buying pressure.
The global cryptocurrency market capitalization stood at $3.98 trillion, growing by 1.19% in the last 24 hours.
