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 …