{"id":28177,"date":"2022-09-06T03:34:45","date_gmt":"2022-09-06T03:34:45","guid":{"rendered":"http:\/\/egrowonline.com\/?p=28177"},"modified":"2022-09-06T03:34:45","modified_gmt":"2022-09-06T03:34:45","slug":"bitcoin-btc-dogecoin-doge-ethereum-eth-ethereum-gains-outpace-bitcoin-dogecoin-why-this-analyst-says-apex-cryptos-near-term-risk-appetite-is-not-looking-good","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=28177","title":{"rendered":"Bitcoin ($BTC), Dogecoin ($DOGE), Ethereum ($ETH) \u2013 Ethereum Gains Outpace Bitcoin, Dogecoin: Why This Analyst Says Apex Crypto’s Near-Term Risk Appetite Is ‘Not Looking Good’"},"content":{"rendered":"


\n<\/p>\n

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Major coins rose Monday evening as the global cryptocurrency market cap rose 0.3% to $988.35 billion at press time.\u200b\u200b<\/p>\n

\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n
Price Performance Of Major Coins<\/caption>\n

<\/p>\n

Coin<\/th>\n

<\/p>\n

24-hour<\/th>\n

<\/p>\n

7-day<\/th>\n

<\/p>\n

Price<\/th>\n


\n\t\t<\/tr>\n

\n\t<\/thead>\n

<\/p>\n

Bitcoin<\/strong> BTC\/USD<\/span><\/td>\n

<\/p>\n

0.5%<\/td>\n

<\/p>\n

-1%<\/td>\n

<\/p>\n

$20,015.73<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Ethereum<\/strong> ETH\/USD<\/span><\/td>\n

<\/p>\n

4.4%<\/td>\n

<\/p>\n

6.6%<\/td>\n

<\/p>\n

$1,643<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Dogecoin<\/strong> DOGE\/USD<\/span><\/td>\n

<\/p>\n

2%<\/td>\n

<\/p>\n

1.2%<\/td>\n

<\/p>\n

$0.06<\/td>\n


\n\t\t<\/tr>\n


\n\t<\/tbody>\n


\n<\/table>\n<\/figure>\n

\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n
Top 24-Hour Gainers (Data via CoinMarketCap)<\/caption>\n

<\/p>\n

Cryptocurrency<\/th>\n

<\/p>\n

24-Hour % Change (+\/-)<\/th>\n

<\/p>\n

Price<\/th>\n


\n\t\t<\/tr>\n

\n\t<\/thead>\n

<\/p>\n

TerraClassicUSD<\/strong> (USTC)<\/td>\n

<\/p>\n

+25.8%<\/td>\n

<\/p>\n

$0.04<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Ethereum Classic<\/strong> (ETC)<\/td>\n

<\/p>\n

+26.45%<\/td>\n

<\/p>\n

$40.92<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Ravencoin<\/strong> (RVN)<\/td>\n

<\/p>\n

+12.8%<\/td>\n

<\/p>\n

\u200b\u200b$0.04<\/td>\n


\n\t\t<\/tr>\n


\n\t<\/tbody>\n


\n<\/table>\n<\/figure>\n

See Also: <\/em>Best USDC Interest Rates<\/em><\/a><\/p>\n

Why It Matters:<\/strong> Ethereum led gains among major coins at press time, while Bitcoin showed modest gains and was above $20,000. Stock futures were in the green at press time going into a new trading week after the Labor Day weekend.<\/p>\n

Cryptocurrency trader Micha\u00ebl van de Poppe<\/strong> tweeted \u201cMuch strength on\u201d Ethereum Monday in response to the rise of the second-largest coin by market cap.\u00a0<\/p>\n

<\/p>\n

Much strength on #Ethereum<\/a>.<\/p>\n


\n\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) September 5, 2022<\/a><\/p><\/blockquote>\n

This week the investors will look forward to speeches from Federal Reserve<\/strong> presidents and will keep an eye on rate hike decisions by the European Central Bank.<\/p>\n

Bitcoin\u2019s potential fall from the $20,000 level was labeled \u201creally damaging,\u201d by Craig Erlam<\/strong>, a senior market analyst at OANDA.\u00a0<\/p>\n

\u201cThe following key level below here being the June lows around $17,500. Considering the outlook for risk appetite in the near term, it’s not looking good,\u201d said the analyst, in a note seen by Benzinga.<\/p>\n

Alternative.me\u2019s \u201cCrypto Fear & Greed Index\u201d flashed \u201cExtreme Greed\u201d at press time. Last week the index registered \u201cFear.\u201d<\/p>\n

Glassnode said in a blog post that liquidity continues to fade from all asset markets with the rise of the dollar. The on-chain analysis firm said that periods of Bitcoin \u201cprice elation\u201d have faced \u201caggressive distribution from the largest of investor classes, as the search for exit liquidity persists.\u201d\u00a0<\/p>\n

Bitcoin, Total Supply Held By Long-Term Holders \u2014 Courtesy Glassnode<\/em><\/p>\n

Even so, hodler conviction is intact but the market conditions are testing the weakest hands:\u00a0short-term holders.<\/p>\n

\u00a0<\/p>\n

Bitcoin, Short-Term Supply In Loss \u2014 Courtesy Glassnode<\/em><\/p>\n

\u201cIt appears that the majority of daily trade volume and churn is being driven by recent buyers, as they jostle for the best entry,\u201d said Glassnode.<\/p>\n

Meanwhile, open interest in Ethereum has retracted after hitting all-time highs. Kaiko Research <\/strong>said it has traced a pullback in open positions from 5.1 million ETH in open contracts to nearly 4.7 million between the beginning of the month and Monday morning.\u00a0<\/p>\n

Ethereum Open Interest and Funding Rate \u2014 Courtesy Kaiko Research<\/em><\/p>\n

The cryptocurrency data provider said it was possible that a buildup of short positions has been liquidated as the price of ETH went up.<\/p>\n

Read Next: <\/em>Jim Cramer Says Stay Away From Dogecoin And Shiba Inu, Making Money In Crypto Doesn’t Mean It’s For Real<\/em><\/a><\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Major coins rose Monday evening as the global cryptocurrency market cap rose 0.3% to $988.35 billion at press time.\u200b\u200b Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin BTC\/USD 0.5% -1% $20,015.73 Ethereum ETH\/USD 4.4% […]<\/p>\n","protected":false},"author":1,"featured_media":28178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[646,6213,10699,50,194,880,291,85,181,158,615,203,4937,9977,1500],"class_list":["post-28177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-analyst","tag-apex","tag-appetite","tag-bitcoin","tag-btc","tag-cryptos","tag-doge","tag-dogecoin","tag-eth","tag-ethereum","tag-gains","tag-good","tag-nearterm","tag-outpace","tag-risk"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/09\/shutterstock_1735146674.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/28177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28177"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/28177\/revisions"}],"predecessor-version":[{"id":28179,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/28177\/revisions\/28179"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/28178"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28177"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}