Bitcoin Rejected At $21k, Lido (ldo) Skyrockets 20% Daily (market Watch)

Bitcoin’s worth failed to beat $21,000 convincingly and is now discovered buying and selling under that stage. Many of the cryptocurrencies additionally retraced following a gathering with the vary resistance. Essentially the most evident outlier is LDO, up 20% up to now 24 hours.

Bitcoin Fails to Break $21K

The previous 24 hours have been fairly tumultuous as the whole cryptocurrency market went on a rollercoaster. BTC, for as soon as, soared above $21K, reaching as excessive as $21,200 (on Binance) earlier than getting rejected and dropping to the place it at present trades at round $20,600.

BTCUSDT_2022-07-16_11-20-29
Supply: TradingView

This rollercoaster left a complete of $136 million value of liquidations up to now 24 hours, with the most important single liquidation order occurring on OKX, carrying a face worth of $2.1 million – a BTC perpetual.

Curiously sufficient, ETH is within the lead on the subject of pressured liquidations with $71 million – greater than twice in comparison with Bitcoin’s liquidations.

Altcoins Retrace however LDO Soars

Many of the various cash are additionally buying and selling within the pink over the previous 24 hours, after failing to maintain the positive factors they made within the intraday and getting rejected massively from their respective vary resistance.

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Supply: Quantify Crypto

As seen within the above heatmap, ADA is down 1.7%, SOL is down 3.5%, ETH – 0.38%, and so forth. Even the main cryptocurrencies which might be traing within the inexperienced are charting insignificant will increase.

The obvious outlier and an exception is Lido’s LDO token. The cryptocurrency is up a whopping 20% up to now 24 hours.

On one other observe, the sentiment appears to be bettering a bit, even supposing it’s nonetheless within the excessive worry territory. On the time of this writing, the worth sits at 21 – a substantial enchancment from yesterday’s 15.

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Cryptocurrency charts by TradingView.

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