Crypto Markets Flat Amid Global Tensions
Crypto markets traded flat on Wednesday, while stocks sold off in response to renewed hostilities in the Middle East and the Federal Reserve's policy decision.
Bitcoin (BTC) hovered around $63,000-$64,000 on heavy volume, while Ethereum (ETH) stayed near $1,900. XRP and Dogecoin also moved sideways.
Nearly $400 million was liquidated from the cryptocurrency market in the last 24 hours, primarily in bullish long positions, according to Coinglass data.
Bitcoin's open interest rose 1.52% over the last 24 hours, with retail and whale derivatives traders on Binance remaining net bullish on the leading asset.