September 23, 02:04
Bitcoin, Ethereum, XRP and Dogecoin gain as Trump touts good Iran meeting
Bitcoin, Ethereum, XRP, Dogecoin Gain as Trump Touts 'Good Meeting' With Iran: Analyst Says BTC 'Sitting'
Benzinga

Bitcoin, Ethereum, XRP and Dogecoin gained Tuesday as Donald Trump touted a good meeting with Iran. Trump told reporters that U.S. officials had a "very good" meeting with the Iranian delegation at the United Nations General Assembly. Trump said during his UNGA address that he had a "big decision" on whether to make a deal with Iran or "annihilate" the country. Bitcoin faced resistance near the upper-$86,000 range. Bitcoin had climbed above $87,000 the previous day. Ethereum oscillated in the $2,700 region. XRP and Dogecoin held their gains. More than $266 million was liquidated from the cryptocurrency market in the last 24 hours. Short positions suffered heavier losses than long positions, according to Coinglass data. Bitcoin open interest rose 0.85% over the last 24 hours. Binance's retail derivatives traders held a net short position on Bitcoin. Whales marginally increased their long exposure. Market sentiment fell from "Extreme Greed" to "Greed" on the Crypto Fear & Greed Index. The global cryptocurrency market cap was $3.03 trillion. The market cap changed 0.5% in the last 24 hours. An analyst said Bitcoin was "sitting." Ali Martinez identified Bitcoin support at $84,569. Martinez identified additional support near $77,000. Martinez cited the Unspent Transaction Output Realized Price Distribution chart. The chart maps price levels where existing coin supplies last moved or were acquired on-chain. Martinez said the next major URPD resistance was near $104,765. Roughly 283,000 BTC were traded at that level. Michaël van de Poppe anticipated a potential Bitcoin liquidity sweep to $84,000. Van de Poppe said traders would need to become interested in potential long positions if markets provided that opportunity.
This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.