The cryptocurrency market consolidated on Monday as stocks remained closed for Memorial Day What Happened: Blue-chip currencies, Bitcoin and Ethereum, spiked earlier in the day, with Bitcoin crossing $70,000. However, the rise was cut short due to profit-taking. Ethereum bulls were similarly met with resistance as the second-largest cryptocurrency was about to break $4,000. With no apparent bearish or bullish dominance, total liquidations in the last 24 hours totaled $124 million, with longs and shorts split roughly equally. Bitcoin’s Open Interest rose 1.78% in the last 24 hours, higher than …
