Leading cryptocurrencies were red, while stock futures rallied overnight on Wednesday after President Donald Trump signed a historic “Memorandum of Understanding” with Iran to end all hostilities.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:25 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.36% | $64,604.40 |
| Ethereum (CRYPTO: ETH) |
-1.61% | $1,755.43 |
| XRP (CRYPTO: XRP) | -1.70% | $1.18 |
| Solana (CRYPTO: SOL) | -1.29% | $72.35 |
| Dogecoin (CRYPTO: DOGE) | -1.02% | $0.08619 |
Crypto Market Fails To Rally
Bitcoin retreated from $66,000 to below $64,000, as trading volume jumped 25% over the last 24 hours. Ethereum slid below $1,800, while XRP and Dogecoin also recorded intraday declines.
Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 5.09% and 3.15%, respectively.
Nearly $440 million was liquidated from the market in the last 24 hours, with $300 million in long positions traders alone wiped out, according to Coinglass data.
Bitcoin’s open interest fell by 2.62% over the last 24 hours. That said, the majority of the retail and whale derivatives traders on Binance were positioned long on the apex cryptocurrency.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:25 p.m. EDT) |
| Yooldo (ESPORTS) | +145.98% | $0.2055 |
| o1.exchange (O) | +89.86% | $0.6317 |
| Tac Protocol (TAC) | +45.05% | $0.02388 |
The global cryptocurrency market capitalization stood at $2.25 trillion, following a modest dip of 0.85% over the last 24 hours.
data-variant=”card”
data-news-mode=”manual”
>
Read Also:
‘If …
