Bitcoin, Ethereum Gain, XRP, Dogecoin Slide as Crypto Market Takes a Breather: Analyst Predicts 'Little D

Leading cryptocurrencies pulled back on Sunday after a sharp rally earlier in the week as geopolitical tensions tempered risk appetite.

Crypto Market Cools Down

Bitcoin climbed to $78,000, faced resistance, and then began consolidating. The apex cryptocurrency has jumped 22% over the week to hit levels last seen more than three months ago.

Ethereum’s trading volume fell 17% over the last 24 hours as it traded between $2,357 and $2,483. XRP and Dogecoin recorded notable declines.

Nearly $400 million was liquidated from the cryptocurrency market in the last 24 hours, with $220 million in bullish long positions erased, according to Coinglass data.

Open interest in Bitcoin futures fell marginally by 0.02% over the last day but remained 17% higher over the week. Retail and whale derivatives traders on Binance remained in a “Neutral” position.

“Greed” sentiment persisted in the market, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

The global cryptocurrency market capitalization stood at $2.63 trillion, following a modest increase of 0.18% over the last 24 hours.

Stocks Futures Slide

Stock futures ticked lower overnight on Sunday. The Dow Jones Industrial Average Futures fell 48 points, or 0.09%, as of 8:41 p.m. EDT.  Futures tied to the S&P 500 dipped 0.03%, while Nasdaq 100 Futures slid 0.06%.