Bitcoin, Ethereum, XRP, Dogecoin Stall Over Iran Ceasefire Uncertainty: Analyst Suggests BTC Buyers Could Be Taking 'Control'
Leading cryptocurrencies diverged from the stock market on Thursday, even as investors dissected reports of a ceasefire between the U.S. and Iran.
|
Cryptocurrency |
24-Hour Gains +/- |
Price (Recorded at 9:15 p.m. EDT) |
|---|---|---|
|
Bitcoin (CRYPTO: BTC) |
-0.91% |
$73,708.31
|
|
Ethereum (CRYPTO: ETH)
|
-0.61% |
$2,011.14 |
|
XRP (CRYPTO: XRP) |
+0.57% |
$1.31 |
|
Solana (CRYPTO: SOL) |
-0.29% |
$82.27 |
|
Dogecoin (CRYPTO: DOGE) |
-0.50% |
$0.09985 |
Crypto Market Stagnates
Bitcoin hit a six-week low, sliding to $72,500 before bouncing back above $73,000 by evening. Trading volume jumped 17% in the last 24 hours. Ethereum dived below $2,000 in the early trading hours before rebounding later in the day as selling pressure remained high.
Cryptocurrency-related stocks rose, with Coinbase Global Inc. (NASDAQ:COIN) and Bitmine Immersion Technologies Inc.(NYSE:BMNR) closing up 4.87% and 2.28%, respectively.
Over $600 million in bullish long positions was wiped out from the cryptocurrency market in the past 24 hours, according to Coinglass data.
Bitcoin's open interest rose 0.87% over the last 24 hours. An increase in open interest alongside a drop in spot price typically signals a short build-up, meaning traders are actively entering new short positions.
Top Gainers (24 Hours)
|
Cryptocurrency (Market Cap>$100 M) |
Gains +/- |
Price (Recorded at 9:15 p.m. EDT) |
|
Basic Attention Token (BAT) |
+14.25% |
$0.1140 |
|
Stellar (XLM) |
+13.24% |
$1.21 |
|
DeFi App (HOME) |
+12.92% |
$0.02754 |
The global cryptocurrency market capitalization stood at $2.47 trillion, following a dip of 0.80% over the last 24 hours.
Read Also: JPMorgan: Bitcoin, Gold ETF Outflows Mean The Debasement Trade Is Cooling
Stocks Extend Rally
Stocks notched new records on Thursday. The Dow Jones Industrial Average gained 24.69 points, or 0.05%, to end at 50,668.97. The S&P 500 rose 0.58% to close at 7,563.63 , while the tech-focused Nasdaq Composite lifted 0.91% to end at 26,917.47.
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