Leading cryptocurrencies moved further up on Tuesday as investors hoped the ceasefire between Iran and Israel would hold and help calm geopolitical tensions
| Cryptocurrency | Gains +/- | Price (Recorded at 10:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +1.67% | $106,712.57 |
| Ethereum (CRYPTO: ETH) |
+2.73% | $2,466.22 |
| Dogecoin (CRYPTO: DOGE) | +2.73% | $0.1668 |
What Happened: Bitcoin hit the upper reaches of $106,000 overnight but was still 4.75% away from its all-time highs. Ethereum reentered the $2,400 region and consolidated.
Bitcoin’s dominance increased to 64.5%, while Ethereum’s market share eased by around 9%.
Short position traders continued to get liquidated, with more than $115 million in downside bets evaporating in the last 24 hours.
Bitcoin’s open interest climbed 2.12% to over $70 billion, marking a significant improvement from the weekend dip. Interestingly, over 60% of Binance traders with open BTC positions were short as of this writing.
The market sentiment remained in “Greed,” according to the Crypto Fear …