Bitcoin, Ethereum, XRP, Dogecoin Recover Amid Iran War Uncertainty: Analyst Hopeful Of BTC Hitting $85,000-$88,000 In May If This Happens
Leading cryptocurrencies rose on Monday, while stocks ended lower amid mixed signals from President Donald Trump on the Iran conflict.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:26 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +2.35% | $76,056.53 |
| Ethereum (CRYPTO: ETH) |
+1.76% | $2,321.05 |
| XRP (CRYPTO: XRP) | +1.72% | $1.43 |
| Solana (CRYPTO: SOL) | +1.80% | $85.64 |
| Dogecoin (CRYPTO: DOGE) | +1.89% | $0.09561 |
Crypto Market Rebounds
Bitcoin spiked to an intraday high of $76,575, bolstered by a 20% jump in 24-hour trading volume. Ethereum reclaimed $2,300, while XRP and Dogecoin also lifted.
Shares of Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closed up 2.58% and 2.57%, respectively.
Over $270 million was liquidated in the past 24 hours, predominantly in short positions, according to Coinglass data.
Open interest in Bitcoin futures rose 3.70% over the last 24 hours. However, whale and retail traders on Binance were bearish on BTC, evidenced by higher number of shorts vis-à-vis longs.
“Fear” sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:26 p.m. EDT) |
| RaveDAO (RAVE) | +82.58% | $1.00 |
| ORDI (ORDI) | +18.34% | $4.90 |
| Tradoor (TRADOOR) | +14.09% | $7.88 |
The global cryptocurrency market capitalization stood at $2.56 trillion, …
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