© Affiliation to BenzingaMajor coins traded late on Sunday as the recent banking crisis in the United States caused many investors to question the health of the traditional banking system.
| cryptocurrency | Profit (+/-) | Price (entry at 9:30 p.m. EST) |
|---|---|---|
| bitcoins | +0.78% | $27,873 |
| ether | +0.66% | $1,767 |
| Dogecoins | -0.36% | $0.073 |
What happened: Apex Bitcoin (CRYPTO:BTC) is currently trading below $28,000.
Ethereum (CRYPTO:ETH) is up 0.66% to trade below $1,800. Dogecoin (CRYPTO:DOGE) traded at $0.073, down 0.36% in the past 24 hours.
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Suggested Reading: Bitcoin, Ethereum, Dogecoin Mix As Bank Fears Rise: Analyst Says 'Trading Isn't Black and White', Expects Apex Crypto to Hit $40,000
| cryptocurrency | Profit (+/-) | Price (taken at 9:30 p.m. EST) |
|---|---|---|
| rocket pool | +9.35% | $42 |
| pls. net | +9.14% | $37.51 |
| fusion | +7.23% | $0.34 |
At the time of writing, the global cryptocurrency market capitalization was $1.16 trillion, up 0.64% from the previous day.
US stocks rallied on Friday after a volatile trading session. Although Friday began with fears that the banking crisis could spread to Deutsche Bank , the market rallied to end the week higher. The S&P 500 rose 0.56% and the Nasdaq Composite 0.3%.
Read more : The best cryptocurrency day trading strategies
Breaking News : Liquidity is a major issue in the cryptocurrency market today. According to data provider Kaiko, large orders with no market depth can lead to large price swings, leaving traders vulnerable to errors and even potential losses.
Conor Ryder , an analyst at Kaoiko, said the liquidity crunch has been particularly evident for Bitcoin, where the shutdown of two major US banks has reduced liquidity levels significantly to a 10-month low. The same liquidity crisis is also affecting the decentralized finance (DeFi) sector.
Analyst Note: Crypto analyst Mikael van de Poppe said he expected bitcoin to fall to $25,000, but the crypto top failed to materialize, correcting itself from significantly at $26,200. He believes BTC will eventually reach $40,000. “Trade is not black and white, it is often grey. This push makes me believe that we will continue to grow”.
Cryptocurrency analyst Justin Bennett had a scathing reaction to Balaji Srinivasan's audacious $1 million bet. He said if bitcoin lost $26,500 in a high timeframe, that would be the most obvious short entry point that most crypto tweeters have lost since being promised $1 million in bitcoin. in just 90 days.
Read more : Web3 token overtakes Bitcoin and Ethereum in weekly revenue with 33% gain thanks to Microsoft tie-up
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This article "Bitcoin, Ethereum and Dogecoin Mix as Bank Fears Grow: Analysts Say 'Trading Isn't Black and White' and Predict Cryptocurrency to Peak at $40,000. Published at origin on Benzinga.com
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