Bitcoin, Ethereum, Dogecoin Gain After Israel Skips Targeting Iran’s Oil Infrastructure: Analyst Expects King Crypto To Trade in $90K-$100K Zone Around New Year’s Eve
Leading cryptocurrencies inched higher on Sunday as oil prices tumbled after Israel’s attack on Iran avoided hitting the country’s oil infrastructure.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:45 p.m. EDT) |
| Bitcoin (CRYPTO: BTC) | +1.37% | $67,834.40 |
| Ethereum (CRYPTO: ETH) |
+1.10% | $2,500.81 |
| Dogecoin (CRYPTO: DOGE) | +4.21% | $0.1416 |
What Happened: Bitcoin spiked above $68,000 late evening before making a U-turn toward $67,800.
Oil prices were hit with the U.S. West Texas Intermediate (WTI) falling 4.6% to $68.48 a barrel as Israel struck Iran’s military targets but left its oil facilities unharmed.
Ethereum too reversed the downsides from last week to hit $2,520 before falling to $2,490 due to profit-taking.
Total cryptocurrency liquidations hit nearly $70 million in the last 24 hours, with $45 million in downside bets getting erased.
Bitcoin’s Open Interest surged 3.08% in the last 24 hours, indicating an influx of new money into the derivatives market.
Market sentiment remained in the “Greed” zone, according to the Cryptocurrency Fear & Greed Index, reflecting upside potential.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at 9:15 p.m. EDT) |
| Raydium (RAY) | +14.17% | $3.48 |
| MANTRA (OM) | +13.62% | $1.44 |
| Popcat (POPCAT) | +8.82% | $1.55 |
The global cryptocurrency stood at $2.3 trillion, following an increase of 0.61% in the last 24 hours.
Stock futures edged higher Sunday overnight. The Dow …
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