Bitcoin's Resilience Amazes Traders After Market Collapse: Ethereum and Dogecoin Lead Major Coin Gains

Key Points:

1. Bitcoin's Resilience: Despite trade tensions and massive liquidations shaking global markets, Bitcoin's price stabilized above $105,000 after a sharp sell-off over the weekend and Monday that led to the liquidation of trading positions worth nearly $1 billion. This resilience indicates underlying strength, and traders are watching for signs of potential calm.

2. Ethereum (ETH) Leads: Ethereum has led the gains of major cryptocurrencies with a rise of 4.5% (bringing its price to $2,608.56). This increase coincided with the Ethereum Foundation's announcement of restructuring its staff to focus efforts on developing the core protocol amid a crowded competitive landscape, boosting positive sentiment towards the world's second-largest cryptocurrency.

3. Volatility Factors: Geopolitical tensions between the United States and China contribute to increased market volatility, with traders wary of upcoming political deadlines that could affect stability.

Additional Details:

The sell-off included the weekend and Monday.

Massive liquidations (nearly $1 billion) caused panic among traders.

The Ethereum Foundation's new focus is on developing the core protocol.