Bitcoin, Ethereum, XRP, Dogecoin Spike As Iran’s New Leader Signals Continued Hormuz Strait Closure: Analyst Rules Out BTC’s Bullish Reversal Scenario
Leading cryptocurrencies rallied on Thursday, but stocks plunged as the Iran war continued to pressure global energy prices.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:35 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +2.32% | $71,465.11 |
| Ethereum (CRYPTO: ETH) |
+3.57% | $2,119.63 |
| XRP (CRYPTO: XRP) | +2.20% | $1.40 |
| Solana (CRYPTO: SOL) | +4.65% | $90.30 |
| Dogecoin (CRYPTO: DOGE) | +4.65% | $0.09671 |
Evening Spike For Crypto
Bitcoin hovered sideways most of the day before nearly hitting $72,000 late evening. Trading activity remained tepid.
Likewise, Ethereum spiked to $2,147, while XRP and Dogecoin also recorded notable jumps late in the day.
The global cryptocurrency market capitalization stood at $2.38 trillion, following a modest gain of 0.06% from the previous day.
Despite this, shares of Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closed down 0.72% and 2.71%, respectively.
Over $250 million was liquidated from the cryptocurrency market over the past 24 hours, with short liquidations accounting for the majority, according to Coinglass data.
Open interest in Bitcoin futures spiked 3.84% in the last 24 hours, and over 10% this week. Meanwhile, sentiment among retail and whale traders holding open BTC positions on Binance remained “Neutral.”
“Extreme Fear” sentiment …
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