Bitcoin, Ethereum, XRP, Dogecoin Recover But ‘Extreme Fear’ Sentiment Lingers: Analyst Says Markets Will Remain ‘Boring’ Until This Day
Leading cryptocurrencies rallied in tandem with stocks on Tuesday, even as tariff uncertainty and geopolitical tensions weighed on the market.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 8:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +2.67% | $66,167.23 |
| Ethereum (CRYPTO: ETH) |
+3.53% | $1,914.99 |
| XRP (CRYPTO: XRP) | +2.67% | $1.38 |
| Solana (CRYPTO: SOL) | +5.65% | $81.94 |
| Dogecoin (CRYPTO: DOGE) | +1.71% | $0.09426 |
Crypto Market Edges Up Slightly
Bitcoin spiked to $66,000 overnight, driving similar rallies across the rest of the market.
Ethereum surged to $1,910 after lingering around $1,850 most of the day. XRP and Dogecoin also recorded upsides.
Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN), closed up 0.73% and 1.12%, respectively.
Nearly $380 million was liquidated from the market in the last 24 hours, according to Coinglass, with short liquidations accounting for the majority.
Meanwhile, Bitcoin’s open interest fell 0.35% over the past 24 hours. An increase in price combined with a decrease in Open Interest typically indicates entry of short positions, suggesting the rally lacks conviction.
“Extreme Fear” sentiment prevailed in the market, …
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