Bitcoin, Ethereum, Dogecoin Dip After Robinhood Gets Wells Notice From SEC — Analyst Says ETHs Weak Fundamentals A 'Roadblock' For King Crypto
Major cryptocurrencies witnessed a drop on Monday as another top cryptocurrency company stared at an enforcement action by U.S. regulators.
What Happened: World's largest digital asset by market cap, Bitcoin (CRYPTO: BTC), failed to sustain its recent climb to $65,000, falling back to the $63,000 zone.
The price slump liquidated nearly $215 worth of positions in the last 24 hours, with long liquidations accounting for 68% of the total. Notably, Ethereum (CRYPTO: ETH) led the chart with over $67 million in liquidations, followed by Bitcoin at $54.71 million.
The Open Interest in Bitcoin futures slipped 1.68% in the last 24 hours to $30 billion.
The negative sentiment was triggered after brokerage firm Robinhood Markets Inc (NASDAQ:HOOD) revealed that its crypto arm received a ...
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