Leading cryptocurrencies descended further on Wednesday as whale sell-offs and geopolitical uncertainty dampened risk appetite.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:25 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -6.06% | $62,746.22 |
| Ethereum (CRYPTO: ETH) |
-4.66% | $1,773.87 |
| XRP (CRYPTO: XRP) | -3.85% | $1.17 |
| Solana (CRYPTO: SOL) | -6.76% | $69.70 |
| Dogecoin (CRYPTO: DOGE) | -3.39% | $0.08968 |
Crypto Long Liquidations Surge
Bitcoin plunged to a four-month low as sentiment worsened following Strategy Inc.’s (NASDAQ:COIN) sale of its BTC. Ethereum tumbled to an intraday low of $1,764, while XRP and Dogecoin also battled selling pressure
Cryptocurrency-related stocks bled, with Strategy and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 7.01% and 5.95%, respectively.
Liquidations continued to surge, with over a billion wiped out in long positions over the last 24 hours, according to Coinglass data. Bitcoin’s open interest collapsed 8.56% over the last 24 hours.
“Extreme Fear” sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:25 p.m. EDT) |
| SUPERFORTUNE (GUA) | +36.62% | $1.09 |
| Worldcoin (WLD) | +30.03% | $0.5224 |
| Ethena (ENA) | +18.51% | $0.1091 |
The global cryptocurrency market capitalization stood at $2.29 trillion, following a decline of 5.58% over the last 24 …
