Bitcoin, Ethereum, Dogecoin, XRP Decline Ahead of Potential Government Shutdown
Leading cryptocurrencies reflected stock futures' weakness as investors considered the potential consequences of an approaching government shutdown.
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The cryptocurrency market experienced significant volatility on Tuesday, mirroring declining stock futures amid growing concerns about a potential government shutdown. Bitcoin fell 0.27% to $114,266.03, trading within a range of $112,700 to $114,700, though it maintains a 6.31% quarterly gain.
Ethereum dropped 1.60% to $4,147.56 after finding support at the $4,000 level, still showing impressive 66% quarterly growth. Other major cryptocurrencies also declined: XRP down 1.44% at $2.84, Solana falling 2.04% to $207.95, and Dogecoin decreasing 0.71% to $0.2326. The market saw over $418 million in liquidations within 24 hours, while Bitcoin's open interest decreased by 2.48%.
Despite the downturn, some cryptocurrencies posted remarkable gains, including Subsquid (+69.82%) and Zcash (+31.10%). The global cryptocurrency market capitalization reached $3.90 trillion, down 0.61% daily. Analysts remain cautiously optimistic about near-term recovery prospects.
Original Article
benzinga.comhttps://www.benzinga.com/crypto/cryptocurrency/25/09/47959489/bitcoin-ethereum-dogecoin-xrp-drop-ahead-of-midnight-government-shutdown-analyst-says-well-