Leading cryptocurrencies rallied, while stocks closed at new records on Wednesday on the Iran ceasefire extension, even as Strait of Hormuz tensions simmer.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:20 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +2.39% | $78,191.58 |
| Ethereum (CRYPTO: ETH) |
+1.77% | $2,366.07 |
| XRP (CRYPTO: XRP) | -0.39% | $1.42 |
| Solana (CRYPTO: SOL) | +0.11% | $86.48 |
| Dogecoin (CRYPTO: DOGE) | +0.81% | $0.09597 |
Crypto Market Gains Momentum
Bitcoin nearly topped $80,000 before easing off to the low $78,000s. Trading volume spiked 36% over the last 24 hours.
Ethereum topped $2,400, also supported by strong buying pressure, while XRP and Dogecoin moved sideways.
Shares of Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closed up 9.39% and 5.25%, respectively.
Over $460 million was liquidated in the past 24 hours,with $350 million in bearish positions alone wiped out, according to Coinglass data.
Open interest in Bitcoin futures rose 8.64% over the last 24 hours to $61.57 billion. Whale and retail traders on Binance, however, were “extremely bearish” on BTC, placing more shorts than longs.
“Fear” sentiment persisted in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:20 p.m. EDT) |
| USD.A1 (CHIP) | +137.06% | $0.1323 |
| Spark (SPK) | +32.76% | $0.03881 |
| Unibase (UB) | +24.71% | $0.05752 |
The global cryptocurrency market capitalization stood at $2.61 trillion, …
