Bitcoin, Ethereum Surge, While XRP, Dogecoin Stall Amid Iran War Flareup: Analyst Says BTC Closing Above This Level Could Open Path to $92,000

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Leading cryptocurrencies extended their gains, while stocks declined on Monday as Iranian attacks on UAE oil facilities unsettled investors.

Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:40 p.m. EDT)
Bitcoin (CRYPTO: BTC) +1.77% $80,244.39
Ethereum (CRYPTO: ETH)
               
+1.28% $2,360.97
XRP (CRYPTO: XRP)                          +0.20% $1.39
Solana (CRYPTO: SOL)                          +0.29% $84.31
Dogecoin (CRYPTO: DOGE)              -0.53% $0.1110

Crypto Sentiment Shifts To ‘Neutral’

Bitcoin faced sharp rejection at $80,000, dropping to an intraday low of $78,217, before reclaiming the critical level later in the day.

Ethereum also reversed from the highs reached on Sunday, while XRP and Dogecoin traded sideways.

Shares of Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closed up 3.74% and 6.14%, respectively.

Over $480 million was liquidated in the past 24 hours, with $329 million in short positions alone wiped out, according to Coinglass data.

Open interest in Bitcoin futures rose further by 4.95% over the last 24 hours, signaling heightened speculative interest. However, both retail and whale traders on Binance leaned toward the bearish side, betting that prices would fall.

Market sentiment flipped from “Fear” to “Neutral,” according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M) Gains +/- Price (Recorded at 9:40 p.m. EDT)
RaveDAO (RAVE)       +28.00%     $0.7869
Toncoin (TON)                    +27.69%     $1.75
Circle Internet Group Tokenized Stock (CRCLon)             +19.58%     $123.56

The global cryptocurrency market capitalization stood at $2.65 trillion, up 1.33% over the last 24 hours.

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