Bitcoin, Ethereum, XRP, Dogecoin Spike As Investors Look Beyond Nicolas Maduro And Venezuela: Analyst Says BTC ‘Has Room’ To Push Toward $105,000
Leading cryptocurrencies rallied alongside stocks on Monday as investors looked past geopolitical developments surrounding U.S. operations in Venezuela.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:15 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +1.24% | $93,914.81 |
| Ethereum (CRYPTO: ETH) |
+1.20% | $3,224.39 |
| XRP (CRYPTO: XRP) | +11.80% | $2.37 |
| Solana (CRYPTO: SOL) | +1.17% | $137.74 |
| Dogecoin (CRYPTO: DOGE) | +0.61% | $0.1521 |
Cryptos Spike As Bearish Bets Get Erased
Bitcoin surged above $94,000, with trading volume jumping 68% over the last 24 hours. The apex cryptocurrency is now up roughly $6000 since the U.S. began military operations in Venezuela Friday night.
Ethereum also extended its New Year rally, reaching an intraday high of $3,261. Buying pressure remained strong, evidenced by a 78% jump in trading volume.
Over $450 million was liquidated from the cryptocurrency market in the last 24 hours, according to Coinglass, with roughly $362 million in short positions erased.
Bitcoin’s open interest rose 2.87% in the last 24 hours. More than 50% of Binance traders with open BTC positions were …
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