Leading cryptocurrencies were range-bound on Wednesday, while stocks closed higher as investors weighed de-escalation prospects in the Middle East war.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:30 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.79% | $71,287.45 |
| Ethereum (CRYPTO: ETH) |
+0.25% | $2,165.50 |
| XRP (CRYPTO: XRP) | -0.35% | $1.41 |
| Solana (CRYPTO: SOL) | +0.87% | $91.85 |
| Dogecoin (CRYPTO: DOGE) | +0.91% | $0.09577 |
Crypto Market Consolidates
Bitcoin traded sideways between $70,380 and the mid-$71,000s, with trading volume down 13% over the past day.
Ethereum also meandered in the $2,100 region as bullish momentum stalled against strong resistance at $2,200. XRP and Dogecoin also consolidated.
Shares of Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closed up 2.11% and 2.12%, respectively.
Over $150 million in crypto positions were liquidated in the past 24 hours, with $100 million in short positions alone wiped out, according to Coinglass data.
Open interest in Bitcoin futures rose a further 2.66% in the last 24 hours, while the majority of retail and whale traders on Binance staying long on the leading cryptocurrency.
“Extreme Fear” prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:30 p.m. EDT) |
| MemeCore (M) | +39.21% | $2.40 |
| siren (SIREN) | +38.38% | $2.19 |
| Yooldo (ESPORTS) … |