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% | … |