Bitcoin, Ethereum, XRP, Dogecoin Rebound After Trump Says US ‘Wants To Help’ China: Analyst Sees No Bear Market Signal Yet
Leading cryptocurrencies rallied alongside stock futures Sunday overnight after President Donald Trump hinted at possible de-escalation of trade tensions between the U.S. and China.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:35 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +4.91% | $115,716.67 |
| Ethereum (CRYPTO: ETH) |
+11.68% | $4,169.24 |
| XRP (CRYPTO: XRP) | +8.76% | $2.53 |
| Solana (CRYPTO: SOL) | +13.90% | $198.53 |
| Dogecoin (CRYPTO: DOGE) | +13.69% | $0.2080 |
Bitcoin, Ethereum See Relief Rally
Bitcoin rebounded sharply to reclaim $115,000, following the ‘Black Friday’ that wreaked havoc in the market.
Ethereum was up more than 11% on the day, recouping losses from the fateful day that dragged it to $3,500. XRP and Dogecoin also made sharp recoveries.
Cryptocurrency liquidations hit $630 million in the last 24 hours, with roughly $425 million in short positions erased, according to Coinglass. A whopping $19 billion was liquidated from the market on Friday.
Speculative interest was back, with open interest in BTC and ETH derivatives increasing by 8.12% and 13.1%, respectively, over the last 24 hours.
The market sentiment improved from “Extreme Fear” to “Fear,” according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:35 p.m. ET) |
|---|---|---|
| Synthetix (SNX) | +95.78% | $1.82 |
| 4 (4) |
+83.55% | $0.1656 |
| Dash (DASH ) | +40.43% | $53.16 |
The global cryptocurrency market capitalization stood at $3.90 trillion, following a jump of 6.3% in …
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