Bitcoin, Ethereum, Dogecoin Reverse As Stocks Come Under Pressure Amid Rising Geopolitical Tensions: ETH Could Rally To $6K If This Happens, Says Popular Analyst
Leading cryptocurrencies pulled back Monday, matching the decline in stocks, as geopolitical tensions mounted.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. EDT) |
| Bitcoin (CRYPTO: BTC) | -0.61% | $62,482.57 |
| Ethereum (CRYPTO: ETH) |
-0.81% | $2,436.34 |
| Dogecoin (CRYPTO: DOGE) | -2.46% | $0.109 |
What Happened: Bitcoin retreated sharply after sailing as highs as $64,400 during early trading hours. The leading cryptocurrency plummeted to the early $62,000s by evening.
Ethereum mirrored the above trajectory, spiking above $2,500 in the morning, to later fall to $2,400 after the stock market closed.
Cryptocurrency liquidations surged, exceeding $214 million in the last 24 hours. Over $140 million placed on bullish bets was wiped out.
The Open Interest in Bitcoin futures dropped 2.87%, further indicating the liquidation of long positions.
The Cryptocurrency Fear & Greed remained in the “Neutral” zone, indicating a balance between market forces.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. EDT) |
| First Neiro On Ethereum (NEIRO) | +18.27% | $0.001657 |
| Cat in a dogs world (MEW) | +15.35% | $0.007216 |
| Sui (SUI) | +8.78% | $2.04 |
The global cryptocurrency stood at $2.17 trillion, following a contraction of 0.61% in the last 24 hours.
Stocks retreated Monday after closing last week on a …
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