September 30, 02:16

Bitcoin dips as Ethereum, XRP and Dogecoin gain

Bitcoin Dips, While Ethereum, XRP, Dogecoin Gain: Bull Market 'Intact,' but Rally 'Showing Cracks,' Says

Benzinga

In Tuesday's market roundup, Bitcoin dipped. Ethereum, XRP and Dogecoin gained. Bitcoin held support in the mid-$82,000 region. Buyers attempted to push Bitcoin above $85,000. Ethereum traded between $2,650 and $2,740. More than $220 million in crypto positions were liquidated over the past 24 hours, according to Coinglass data. Long traders suffered most of those losses. CryptoQuant said Bitcoin profit-taking reached its highest level since December 2024. CryptoQuant said the bull market remains intact but the rally is showing cracks. It identified $80,000 as the first support level to watch. Santiment said wallets holding between 10 and 10,000 Bitcoin accumulated 41,025 BTC over the past 10 days. Those wallets increased their share of the total supply to 67.93%. Santiment said wallets holding less than 0.01 BTC remained largely flat after the $87,000 price peak. Santiment said the divergence was encouraging but not a guaranteed price signal. Strategy shares closed down 1.57%. Bitmine Immersion Technologies shares closed down 0.41%. The Dow Jones Industrial Average fell 0.26% on Tuesday. The S&P 500 fell 0.16%. The Nasdaq Composite fell 0.09%. The 10-year Treasury yield rose to 5.29%, its highest level since 2007. The 30-year yield rose above 5.6%, its highest level since June 2002.

This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.