Leading cryptocurrencies rose on Sunday while stock futures fell as the Trump administration extends tariff deadline.
| Cryptocurrency | Gains +/- | Price (Recorded at 10:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.68% | $108,984.99 |
| Ethereum (CRYPTO: ETH) |
+1.76% | $2,560.46 |
| Dogecoin (CRYPTO: DOGE) | +5.30% | $0.1728 |
What Happened: Bitcoin surged to an intraday high of $109,731.63, with trading volume jumping by nearly 25% in the last 24 hours.
Ethereum, the second-largest cryptocurrency, reached a high of $2,600 but then fell back to around $2,500.
The rally wiped out $134 million in bearish short positions in the last 24 hours. More than $300 million in downside bets risked liquidation if Bitcoin made a new high.
Bitcoin’s open interest rose 2.41% in the last 24 hours to $74 billion, while Ethereum recorded a 3.90% jump in funds locked in unsettled derivatives contracts.
The “Greed” sentiment strengthened from 66 to 73 in the last 24 hours, according to the …