Leading cryptocurrencies and stocks traded in the green on Monday, while the precious metal rally reversed, as investors increased risk appetite.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 8:25 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.93% | $88,316.74 |
| Ethereum (CRYPTO: ETH) |
+1.80% | $2,924.02 |
| XRP (CRYPTO: XRP) | +1.14% | $1.90 |
| Solana (CRYPTO: SOL) | +2.01% | $124.09 |
| Dogecoin (CRYPTO: DOGE) | +0.03% | $0.1222 |
Crypto Sentiment Improves
Bitcoin pared Sunday’s losses, rallying to an intraday high of 88,743. Trading volume for the apex cryptocurrency increased 10% in the last 24 hours.
Ethereum also rebounded, nearly breaking $3,000, while XRP gained 1.14%.
Bitcoin’s dominance stood at 59%, while Ethereum accounted for nearly 12% of the total market share.
Over $360 million was liquidated from the market in the last 24 hours, according to Coinglass, with bearish short positions accounting for $265 million.
Bitcoin’s open interest fell 0.51% in the last 24 hours. A fall in open interest, coupled with a jump in price typically indicates short covering, meaning short sellers are buying back their positions.
The market sentiment …