Bitcoin, Ethereum Flat, XRP, Dogecoin Dip As US Hits ‘Multiple Targets’ In Iran: Analyst Points To Data Showing BTC Bottom Not In Yet
Leading cryptocurrencies traded sideways, while stocks closed lower on Wednesday as resumption in U.S.-Iran hostilities dampened risk-on appetite
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:15 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.28% | $61,916.15 |
| Ethereum (CRYPTO: ETH) |
-0.48% | $1,632.51 |
| XRP (CRYPTO: XRP) | -2.52% | $1.10 |
| Solana (CRYPTO: SOL) | -1.53% | $64 |
| Dogecoin (CRYPTO: DOGE) | -1.44% | $0.08363 |
Crypto Market Stagnates
Bitcoin spiked to an intraday high of $62,788 but faced stiff resistance soon after. Ethereum meandered in the $1,600 zone, while XRP and Dogecoin traded in the red.
Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 1.43% and 3.46%, respectively.
Over $400 million was liquidated from the market in the last 24 hours, with long position traders bearing the brunt of the losses, according to Coinglass data.
Bitcoin’s open interest rose marginally by 0.84% in the last 24 hours. Retail and whale derivatives traders with open BTC positions, meanwhile, remained long on the apex cryptocurrency.
“Extreme 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 9:15 p.m. EDT) |
| Velvet (VELVET) | +123.97% | $0.8940 |
| Audiera (BEAT) | +49.55% | $7.12 |
| Magma Finance (MAGMA) | +44.27% | $0.5399 |
The global cryptocurrency market capitalization stood at $2.12 trillion, following a dip of 0.33% from the previous day.
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