2025-08-21
Bitcoin, Ethereum, Dogecoin, XRP Recover As Crypto Sentiment Switches From 'Fear' To 'Neutral:' Analyst Highlights Where BTC May Find Support
Leading cryptocurrencies rallied on Wednesday, despite hawkish Federal Reserve minutes dampening hopes for rate cuts.CryptocurrencyGains +/-Price (Recorded at 9:20 p.m. ET)Bitcoin (CRYPTO: BTC)+0.73%$114,093.67Ethereum (CRYPTO: ETH) +4.78%$4,306.00XRP (CRYPTO: XRP) +1.78%$2.93Solana (CRYPTO: SOL) +4.89%$187.07Dogecoin (CRYPTO: DOGE) +4.96%$0.2208Sentiment Improves From ‘Fear’ To ‘Neutral’Bitcoin reentered the $114,000 region, a day after tumbling below $113,000. Ethereum made a stronger rebound, rising to an intraday high of $4,376.79 after plummeting to $4,070.54 the previous day.Ethereum's dominance rose to 13.4%, the highest since mid-November 2024, while Bitcoin's market share narrowed to 58.6%.Over $340 million was liquidated from the cryptocurrency market in the last 24 hours, with bearish short traders losing $217 million.Moreover, about $530 million in Bitcoin shorts risked liquidation if the apex cryptocurrency surges to $117,000.Bitcoin's open interest rose 0.53% over the last 24 hours to $80.76 billion. Meanwhile, over 60% of Binance traders with open BTC positions were long as of the time of this writing.The market sentiment flipped ...Full story available on Benzinga.com