Leading cryptocurrencies weakened, while stocks rallied sharply on Wednesday, as the Trump administration reportedly moves closer to a military conflict with Iran.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 8:25 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.93% | $66,540.09 |
| Ethereum (CRYPTO: ETH) |
-0.85% | $1.959.54 |
| XRP (CRYPTO: XRP) | -3.40% | $1.41 |
| Solana (CRYPTO: SOL) | -3.23% | $81.68 |
| Dogecoin (CRYPTO: DOGE) | -2.33% | $0.09837 |
Crypto Market Lags
Bitcoin wobbled between the high $65,000s and the low $68,000s, while trading volume dipped over the last 24 hours.
Ethereum also traded with low volatility, confined to a narrow range just under $2,000. XRP and Dogecoin recorded sharp 24-hour drops.
Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR) and BitMine Immersion Technologies, Inc. (NYSE:BMNR), closed down 3.89% and 3,86%, respectively.
Over $220 million was liquidated from the market in the last 24 hours, according to Coinglass, with long liquidations again bearing the brunt of the losses.
Bitcoin’s open interest rose 1.31% over the past 24 hours. A rising open interest paired with falling prices often signals short buildup, reflecting strong bearish sentiment.
The “Extreme Fear” sentiment gripped the market, according …