Leading cryptocurrencies rallied in tandem with stocks on Tuesday, even as tariff uncertainty and geopolitical tensions weighed on the market.
Cryptocurrency
24-Hour Gains +/-
Price (Recorded at 8:30 p.m. ET)
Bitcoin (CRYPTO: BTC)
+2.67%
$66,167.23
Ethereum (CRYPTO: ETH)
+3.53%
$1,914.99
XRP (CRYPTO: XRP)
+2.67%
$1.38
Solana (CRYPTO: SOL)
+5.65%
$81.94
Dogecoin (CRYPTO: DOGE)
+1.71%
$0.09426
Crypto Market Edges Up Slightly
Bitcoin spiked to $66,000 overnight, driving similar rallies across the rest of the market.
Ethereum surged to $1,910 after lingering around $1,850 most of the day. XRP and Dogecoin also recorded upsides.
Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN), closed up 0.73% and 1.12%, respectively.
Nearly $380 million was liquidated from the market in the last 24 hours, according to Coinglass, with short liquidations accounting for the majority.
Meanwhile, Bitcoin’s open interest fell 0.35% over the past 24 hours. An increase in price combined with a decrease in Open Interest typically indicates entry of short positions, suggesting the rally lacks conviction.
“Extreme Fear” sentiment prevailed in the market, …Full story available on Benzinga.com
