Bitcoin, Ethereum, XRP, Dogecoin Spring Back Even As Iran And Israel Exchange Strikes: Analyst Sees Increasing Possibility Of BTC Bottom
Leading cryptocurrencies rallied Sunday evening, even as rising tensions in the Middle East fueled doubts about sustained market momentum.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:20 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +2.30% | $63,078.37 |
| Ethereum (CRYPTO: ETH) |
+5.50% | $1,681.11 |
| XRP (CRYPTO: XRP) | +3.85% | $1.15 |
| Solana (CRYPTO: SOL) | +3.96% | $65.92 |
| Dogecoin (CRYPTO: DOGE) | +2.55% | $0.08533 |
Crypto Market Rebounds
Bitcoin exceeded $64,000 late evening, fueled by a 15% jump in trading volume, as the apex cryptocurrency recovered part of its losses from a tough week. Ethereum also topped $1,700, while XRP and Dogecoin recorded sharp recoveries.
Over $660 million was erased from the market in the last 24 hours, according to Coinglass data, predominantly in short liquidations.
Bitcoin’s open interest fell 0.61% in the last 24 hours. Typically, when OI falls while the price increases, it typically indicates short covering, meaning that traders who had previously bet on the price falling are buying back their positions.
“Extreme 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 9:20 p.m. EDT) |
| Audiera (BEAT) | +64.34% | $3.71 |
| Siren (SIREN) | +46.34% | $1.28 |
| Velvet (VELVET) | +37.03% | $0.2574 |
The global cryptocurrency market capitalization stood at $2.23 trillion, following a decline of 3.53% over the last 24 hours.
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