Bitcoin, Ethereum, XRP, Dogecoin Recover Amid Iran War Uncertainty: Analyst Hopeful Of BTC Hitting $85,000-$88,000 In May If This Happens

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Leading cryptocurrencies rose on Monday, while stocks ended lower amid mixed signals from President Donald Trump on the Iran conflict.

Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:26 p.m. EDT)
Bitcoin (CRYPTO: BTC) +2.35% $76,056.53
Ethereum (CRYPTO: ETH)
               
+1.76% $2,321.05
XRP (CRYPTO: XRP)                          +1.72% $1.43
Solana (CRYPTO: SOL)                          +1.80% $85.64
Dogecoin (CRYPTO: DOGE)              +1.89% $0.09561

Crypto Market Rebounds

Bitcoin spiked to an intraday high of $76,575, bolstered by a 20% jump in 24-hour trading volume. Ethereum reclaimed $2,300, while XRP and Dogecoin also lifted.

Shares of Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closed up 2.58% and 2.57%, respectively.

Over $270 million was liquidated in the past 24 hours, predominantly in short positions, according to Coinglass data.

Open interest in Bitcoin futures rose 3.70% over the last 24 hours. However, whale and retail traders on Binance were bearish on BTC, evidenced by higher number of shorts vis-à-vis longs.

“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 9:26 p.m. EDT)
RaveDAO (RAVE)       +82.58%     $1.00
ORDI (ORDI)                  +18.34%     $4.90
Tradoor (TRADOOR)            +14.09%     $7.88

The global cryptocurrency market capitalization stood at $2.56 trillion, …

Full story available on Benzinga.com

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