Bitcoin, Ethereum, XRP, Dogecoin Fall, While Oil Surges Amid Middle East War: Analytics Firm Says BTC Is ‘Still In A Bear Market’
Leading cryptocurrencies pulled back sharply on Thursday, while oil supply disruptions driven by the war in the Middle East kept investors on edge.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 8:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -3.51% | $70,440.60 |
| Ethereum (CRYPTO: ETH) |
-3.02% | $2,064.95 |
| XRP (CRYPTO: XRP) | -1.89% | $1.40 |
| Solana (CRYPTO: SOL) | -2.31% | $88.38 |
| Dogecoin (CRYPTO: DOGE) | -4.58% | $0.09336 |
Reversal For Crypto Market
Bitcoin corrected after Wednesday’s rally to $74,000, while Ethereum and other large-cap coins also gave up gains.
Shares of cryptocurrency-linked companies also reversed, as Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closed down 4.53% and 1.54%, respectively.
Over $250 million was liquidated from the market in the last 24 hours, according to Coinglass, predominantly from long positions.
Open interest in Bitcoin futures fell 5.78% in the last 24 hours. Retail derivative sentiment on Binance was “Neutral,” while whale traders bought the dip, according to the Long/Short ratio.
“Extreme Fear” sentiment dominated the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Lombard (BARD) | +54.19% | $1.65 |
| Humanity Protocol (H) | +42.15% | $0.1780 |
| OKB (OKB) | +27.88% | $99.57 |
The global …
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