Bitcoin, Ethereum, XRP, Dogecoin Retreat As Trump Discusses Iran’s ‘New’ Proposal: Analyst Says BTC’s Bias ‘Firmly To The Upside’ As Long As…
Leading cryptocurrencies took a U-turn on Monday, while stocks closed at new records, as the White House confirmed that President Donald Trump discussed Iran’s new proposal to end the war.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:20 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -2.21% | $77,290.59 |
| Ethereum (CRYPTO: ETH) |
-3.24% | $2,385.89 |
| XRP (CRYPTO: XRP) | -2.80% | $1.39 |
| Solana (CRYPTO: SOL) | -3.04% | $84.78 |
| Dogecoin (CRYPTO: DOGE) | -0.44% | $0.09923 |
Crypto Market Corrects
Bitcoin pulled back sharply after Sunday’s spike, facing intense selling pressure as 24-hour trading volumes surged 44%.
Ethereum fell to an intraday low of $2,267 after breaking $2,400 the day before. Dogecoin and XRP also retreated.
Shares of Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closed down 1.06% and 1.53%, respectively.
Over $330 million was liquidated in the past 24 hours, predominantly in bullish long positions, according to Coinglass data.
Open interest in Bitcoin futures fell 1.03% over the last 24 hours. Sentiment among Binance derivatives traders remained bearish, with more short positions vis-à-vis longs.
Market sentiment flipped from “Neutral” back to “Fear,” according to the Crypto Fear & Greed Index.
data-variant=”card”
data-news-mode=”manual”
>
Read Also:
Strategy Buys 3,273 Bitcoin For $255 Million: MSTR Targets $205
About The Author
