Bitcoin, XRP Steady, While Ethereum, Dogecoin Fall Amid Iran Truce Optimism: Analyst Warns Sharp Rise In Bullish Sentiment A ‘Caution Flag’
Leading cryptocurrencies took a breather on Wednesday, while stocks closed at new records as investors weighed the report of a potential U.S.-Iran deal to end the war.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:20 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.32% | $81,050.02 |
| Ethereum (CRYPTO: ETH) |
-2.08% | $2,324.16 |
| XRP (CRYPTO: XRP) | +0.10% | $1.41 |
| Solana (CRYPTO: SOL) | +1.71% | $88.17 |
| Dogecoin (CRYPTO: DOGE) | -3.50% | $0.1109 |
Crypto Market Cools Down
Bitcoin consolidated in the range between $80,800 and $82,800, while Ethereum retreated to the $2,300 region after pushing past $2,400 the day before.
Shares of Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closed down 0.043% and 0.82%, respectively.
Over $500 million was liquidated in the past 24 hours, with the majority of that in short positions, according to Coinglass data.
Notably, open interest in Bitcoin futures fell by nearly 4% over the last 24 hours. A falling open interest with a sideways price action typically indicates the market is consolidating or preparing for a trend reversal.
Moreover, Bitcoin’s Long/Short Ratio on Binance stood below 1, indicating most traders were betting on a price decline.
Market sentiment shifted from “Fear” to “Neutral,” according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:20 p.m. EDT) |
| LAB (LAB) | +68.31% | $4.38 |
| Billions Network (BILL) | +59.95% | $0.06884 |
| Venice Token (VVV) | +23.26% | … |
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