Leading cryptocurrencies cooled down on Thursday amid uncertainty over potential market bottoms.

Crypto Market Takes U-Turn

Bitcoin reversed after Wednesday’s relief rally, while trading volume for the apex cryptocurrency dropped 22% over the past 24 hours. Ethereum fell sharply in the early trading hours but rallied to recover losses by afternoon.

Bitcoin’s market share narrowed to 58%, while Ethereum’s dominance fell to 10.5%.

Over $240 million was liquidated from the market in the last 24 hours, according to Coinglass, with bullish long traders bearing the brunt of the losses.

Bitcoin’s open interest fell 2.39% over the past 24 hours, aligning with the correction in spot price….

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