Compass Investments

– Bitcoin Dogecoin Reverses, Ethereum Rises As Stocks Reach New Peak: Top Analysts Expect BTC Won’t Have A “Serious” Correction Before 135k Bitcoin In Shades Of Gray

What Happened: Major cryptocurrencies fell in price during trading hours in the U.S., dropping to 92,600 overnight, while overnight buying helped digital assets surpass the 94,000 mark.

Ethereum’s exchange rate, on the other hand, rose from 4% to 3% for the first time in 3,500 months. According to SoSo Value, the rise triggered massive inflows into spot Ethereum exchange-traded funds (ETFs) totaling 283,000 Ether. In comparison, bitcoin-ETF funds lost over ¥684 million.

Over 38,600 long positions have been liquidated in the past 24 hours. In addition, if the bitcoin price rises to 998,000, there is a risk that short positions over 883,200 will be liquidated.

Interestingly, according to the ratio of long and short positions on the Binance cryptocurrency exchange, the number of traders who bet optimistically on bitcoin has increased dramatically compared to those who bet on short positions. This suggests that traders are buying on the downside.

While the overall sentiment in the region remained unchanged, the Cryptocurrency Fear and Greed Index fell from 82 points to 79 points

Extreme Greed・

The market capitalization of the global cryptocurrency market reached 3.25 trillion yen, down 2.61% in the past 24 hours.

The stock market hit new highs on Monday. The Dow Jones Industrial Average rose 440.06 points, or 0.99% , to a record high of 44,736.57 points. The S