Leading cryptocurrencies made a comeback on Monday despite escalating hostilities in the Middle East war.
Cryptocurrency
24-Hour Gains +/-
Price (Recorded at 8:20 p.m. ET)
Bitcoin (CRYPTO: BTC)
+3.10%
$69,055.10
Ethereum (CRYPTO: ETH)
+2.68%
$2,036.10
XRP (CRYPTO: XRP)
+1.22%
$1.39
Solana (CRYPTO: SOL)
+1.26%
$86.92
Dogecoin (CRYPTO: DOGE)
-0.39%
$0.09362
Crypto Market Rebounds
Investors bought the dip, as Bitcoin touched $70,000 and Ethereum crossed $2,000. The two blue-chip currencies recorded a sharp spike in trading volumes.
Bitcoin’s market share narrowed to 58.5%, while Ethereum’s dominance shrank to 10.4%, although the market was from an Altcoin Season, according to CoinMarketCap data.
Shares of cryptocurrency-related companies also rebounded, as Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN), closed up 6.29% and 5.34%, respectively.
Nearly $430 million was liquidated from the market in the last 24 hours, according to Coinglass, with over $200 million in short liquidations alone.
Another $387 million in Bitcoin shorts faces liquidation risk if the top cryptocurrency climbed back to $72,000.
Open interest in …Full story available on Benzinga.com
