Leading cryptocurrencies rose on Sunday, as investors maintained their optimism about the market in October.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +1.09% | $123,616.31 |
|
Ethereum (CRYPTO: ETH) |
+0.69% | $4,508.80 |
| XRP (CRYPTO: XRP) | +0.23% | $2.97 |
| Solana (CRYPTO: SOL) | +0.78% | $228.85 |
| Dogecoin (CRYPTO: DOGE) | +0.57% | $0.2522 |
Bitcoin Enters Record Territory
Bitcoin broke $125,000 to set a new all-time high, with trading volume more than doubling in the last 24 hours to a whopping $76 billion.
The momentum spread to the rest of the market, as Ethereum surpassed $4,600 after two weeks, while XRP and Solana both rose. ETH was still 8.57% away from its all-time high.
Bitcoin dominance increased to 58.5%, while Ethereum maintained a market share of 13%.
Cryptocurrency liquidations reached $427 million in the last 24 hours, with over $242 million in short positions wiped out, according to Coinglass.
Meanwhile, Bitcoin’s open interest jumped 4.26% over the last 24 hours. Interestingly, over 60% of Binance traders with open BTC positions were short as of this writing, according to the Long/Short ratio.
"Greed" sentiment strengthened in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:20 p.m. ET) |
|---|---|---|
| 4 (4) | +42.17% | $0.1876 |
|
STBL (STBL) |
+24.93% | $0.3171 |
| HarryPotterObamaSonic10Inu (AURA) | +24.28% | $0.1079 |
The global cryptocurrency market capitalization rose to $4.20 trillion, following an increase of 0.68% in the last 24 hours.
Stock Futures Also Rise
Stock futures ticked higher overnight Sunday. The Dow Jones Industrial Average Futures rose 43 points, or 0.09%, as of 8:49 p.m. EDT. Futures tied to the S&P 500 gained 0.18%, while Nasdaq 100 Futures added 0.27%.
The market is coming off another record-breaking week, with the S&P 500 and the Nasdaq Composite rising 0.67% and 0.46%, respectively, setting aside concerns over the federal government shutdown.
ETH To Hit ATH?
Julio Moreno, Head of Research at on-chain analytics firm CryptoQuant, noted that Bitcoin is well inside "bullish territory," with the Bull Score at 80.
Values below 40 typically indicate a bearish market, while scores above 60 signal bullish conditions.
Widely followed cryptocurrency analyst and trader Ted Pillows highlighted dense bids, or buy orders, on Ethereum’s book at $4,250-$4,450, forming a strong short-term support.
"In case Ethereum drops below the $4,250 level, $4,150 has big buy orders," Pillows added. "If talking about upside, only the $4,650 level needs to be reclaimed for a new ATH."
Photo Courtesy: bitz100 on Shutterstock.com
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