Leading cryptocurrencies moved sideways, while stocks rallied to record highs on Thursday as investors digested the U.S. economy’s first-quarter growth that fell short of forecasts.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:30 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.22% | $76,501.45 |
| Ethereum (CRYPTO: ETH) |
-0.51% | $2,261.30 |
| XRP (CRYPTO: XRP) | -0.63% | $1.36 |
| Solana (CRYPTO: SOL) | -0.56% | $83.34 |
| Dogecoin (CRYPTO: DOGE) | +1.09% | $0.1080 |
Crypto Market Stuck
Bitcoin moved in a narrow band from the mid-$75,000s to mid-$76,000s, as volume dropped sharply in the past 24 hours.
Ethereum also wobbled in the $2,200 region amid a 47% drop in volume, while Dogecoin eked out a gain of 1.09%
Shares of Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closed up 4.59% and 3.32%, respectively.
Over $130 million was liquidated in the past 24 hours, with $71 million in long positions wiped out, according to Coinglass data.
Open interest in Bitcoin futures fell marginally by 0.46% over the last 24 hours. Retail and whale Binance derivatives traders were positioned “Bearish” on the apex cryptocurrency, with more short positions 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 9:30 p.m. EDT) |
| Block Street (BSB) | +39.70% | $0.6128 |
| SKYAI (SKYAI) | +29.80% | $0.3754 |
| Orca (ORCA) | +22.63% | $2.00 |
The global cryptocurrency market capitalization stood at …
