Leading cryptocurrencies pulled back on Sunday after a sharp rally earlier in the week as geopolitical tensions tempered risk appetite.
Crypto Market Cools Down
Bitcoin climbed to $78,000, faced resistance, and then began consolidating. The apex cryptocurrency has jumped 22% over the week to hit levels last seen more than three months ago.
Ethereum’s trading volume fell 17% over the last 24 hours as it traded between $2,357 and $2,483. XRP and Dogecoin recorded notable declines.
Nearly $400 million was liquidated from the cryptocurrency market in the last 24 hours, with $220 million in bullish long positions erased, according to Coinglass data.
