Leading cryptocurrencies rallied alongside stocks on Monday amid escalating geopolitical tensions over Strait of Hormuz oil shipments.
Cryptocurrency
24-Hour Gains +/-
Price (Recorded at 9:35 p.m. ET)
Bitcoin (CRYPTO: BTC)
+4.71%
$75,983.09
Ethereum (CRYPTO: ETH)
+9.03%
$2,373.46
XRP (CRYPTO: XRP)
+9.16%
$1.57
Solana (CRYPTO: SOL)
+4.49%
$95.80
Dogecoin (CRYPTO: DOGE)
+6.18%
$0.1035
Crypto Extends Gains
Bitcoin almost topped $76,000 in a late evening spike, building on the momentum acquired during the weekend. Trading volume for the leading cryptocurrency nearly doubled over the last 24 hours.
Ethereum outperformed Bitcoin’s rally, soaring 9% to hit its highest value since Feb. 3. XRP and Dogecoin also recorded sharp spikes.
Shares of Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closed up 5.62% and 3.98%, respectively.
Over $600 million was liquidated from the cryptocurrency market over the past 24 hours, with a whopping $484 million in short positions alone erased, according to Coinglass data.
Open interest in Bitcoin futures soared 10.18% in the last 24 hours, even as Binance retail and whale traders bet against the rally with shorts.
Market sentiment improved from “Extreme Fear” to “Fear,” according to the Crypto Fear & Greed Index here.
Top Gainers (24 Hours)
Cryptocurrency (Market Cap>$100 M)
Gains +/-
Price (Recorded at 9:35 p.m. ET)
Fartcoin (FARTCOIN)
+27.66%
…Full story available on Benzinga.com
