Bitcoin, Ethereum, Dogecoin Remain Choppy — Trader Says 'Still Holding Long, Ready To Add ' If King Crypto Dips Lower

Benzinga08-30

Leading cryptocurrencies seesawed Thursday as former President Donald Trump teased a plan to make the U.S. the "crypto capital of the planet." CryptocurrencyGains +/-Price (Recorded at 9:15 p.m. EDT)...

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Long liquidations made up 68% of the total.\nBitcoin's Open Interest rose marginally by 0.35% in the last 24 hours to $30.75 billion. \nThe market remained in \"Fear\" as of this writing, according to the Cryptocurrency Fear & Greed Index, implying a strong selling pressure.\nTop Gainers (24-Hours)\nCryptocurrencyGains +/-Price (Recorded at 9:15 p.m. EDT)MultiversX (EGLD)+4.85%$29.51Flare (FLR)+4.75%$0.01614Ronin (RON)+4.44%$1.67\nThe global cryptocurrency market stood at $2.08 trillion, following a marginal increase of 0.05% in the last 24 hours.\nStocks were a mixed bag on Thursday. The Dow Jones Industrial Average climbed 243.63 points, or 0.59%, to close at a record high of 41,335.05. The broad-based index S&P 500 ended marginally below the flatline at 5,591.96, while the tech-heavy Nasdaq Composite dipped 0.23% to end at 17,516.43.\n AI behemoth NVIDIA Corp. NVDA plunged 6.38% during Thursday's trading after reporting better-than-expected second-quarter results.\nOn the macroeconomic front, the U.S. economy grew 3% in the second quarter, a significant expansion from the 1.4% growth seen in the first quarter. \nSee More: Best Cryptocurrency Scanners\nAnalyst Notes:  Widely followed cryptocurrency analyst Rekt Capital noted that Bitcoin was in the process of filling the CME gap – differences in price between the closing price on a given trading day and the opening price on the following trading day.\n\"Reclaim $60600 as support and the CME Gap will likely be filled in its entirety,\" the analyst emphasized.\n\n#BTC Bitcoin is already in the process of filling this new CME GapReclaim $60600 as support and the CME Gap will likely be filled in its entirety$BTC #Crypto #Bitcoin https://t.co/M0tCekIHC0 pic.twitter.com/aPmYY4cbIA— Rekt Capital (@rektcapital) August 29, 2024\n\nAnother cryptocurrency trader, Hardy noted how the U.S. trading session imparted a \"curveball\" to Bitcoin's trajectory after bullish European sessions. \n“Now the big question: will the bulls defend the 58K/59K support,” the trader commented, adding that they would continue to hold and even add more if King Crypto dips further. \n\n$BTC UPDATEUS session threw a curveball with that rejection,was eyeing a CME gap fill before any pullback. Now the big question: will the bulls defend the 58K/59K support?Still holding LONG. Ready to add if we dip lower.Watching closely for bull div confirmations. Stay… https://t.co/lmRii9aizt pic.twitter.com/aL3QUGkDJW— Hardy (@Degen_Hardy) August 30, 2024\n\nPhoto by Igor Faun on Shutterstock\nRead Next:    \n\nRobinhood Adds Solana To Web3 Wallet, Expands Crypto Offerings\n Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2463322982"}