Leading cryptocurrencies climbed alongside stocks on Tuesday after President Donald Trump said the military campaign against Iran could end soon, even if the Strait of Hormuz remains largely closed.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:15 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +1.26% | $68,103.05 |
| Ethereum (CRYPTO: ETH) |
+3.09% | $2,102.70 |
| XRP (CRYPTO: XRP) | +1.31% | $1.34 |
| Solana (CRYPTO: SOL) | +0.50% | $83.19 |
| Dogecoin (CRYPTO: DOGE) | +1.50% | $0.09203 |
Crypto Rallies As Bearish Traders Exit
Bitcoin regained $68,000 overnight after sliding below $66,000 earlier in the day. Trading volume rose 10% over the last 24 hours.
Ethereum bounced from the lows of $1,939.53 to recapture $2,100. XRP and Dogecoin also traded in the green.
Shares of Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closed up 2.27% and 8.09%, respectively.
Over $270 million in crypto positions were liquidated in the past 24 hours, with long and short liquidations almost evenly split, according to Coinglass data.
Open interest in Bitcoin futures fell 3.42% in the last 24 hours. A drop in open interest coupled with an increase in spot price typically indicates short covering, which occurs when bearish traders exit …