Bitcoin, Ethereum, XRP Slide, Dogecoin Flat As US Launches ‘Proportional’ Strikes Against Iran: Analyst Sees BTC’s Strong Rebound To $74,000 Soon
Leading cryptocurrencies fell alongside major stock indexes on Tuesday amid a big escalation in the Middle East conflict.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:25 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.68% | $61,757.98 |
| Ethereum (CRYPTO: ETH) |
-1.83% | $1,641.98 |
| XRP (CRYPTO: XRP) | -1.71% | $1.13 |
| Solana (CRYPTO: SOL) | -0.96% | $65.08 |
| Dogecoin (CRYPTO: DOGE) | -0.15% | $0.08487 |
Crypto Market On Edge
Bitcoin revisited the $60,000 floor but recovered overnight, as trading activity climbed 12% in the past 24 hours. Ethereum pulled back to the $1,600 region, while XRP and Dogecoin remained bearish.
Cryptocurrency-related stocks plunged, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 8% and 3.86%, respectively.
Over $420 million was liquidated from the market in the last 24 hours, with $324 million in long positions alone wiped out, according to Coinglass data.
Bitcoin’s open interest rose 1.23% in the last 24 hours. A rise in open interest alongside a sliding price typically indicates that new traders are aggressively selling or shorting the asset, expecting the price to fall further.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:25 p.m. EDT) |
| Bitway (BTW) | +93.78% | $0.1144 |
| Humanity (H) | +96.30% | $0.1923 |
| Stargate Finance (STG) | +40.89% | $0.3704 |
The global cryptocurrency market capitalization stood …
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