Leading cryptocurrencies moved sideways, while stocks rose further on Thursday, as traders pinned their hopes on an Iran ceasefire.
|
Cryptocurrency |
24-Hour Gains +/- |
Price (Recorded at 9:10 p.m. EDT) |
|---|---|---|
|
Bitcoin (CRYPTO: BTC) |
-0.76% |
$77,336.44 |
|
Ethereum (CRYPTO: ETH) |
-0.73% |
$2,127.64 |
|
XRP (CRYPTO: XRP) |
-0.59% |
$1.36 |
|
Solana (CRYPTO: SOL) |
+0.19% |
$86.67 |
|
Dogecoin (CRYPTO: DOGE) |
+0.65% |
$0.1050 |
Crypto Recovery Stalls
Bitcoin failed to hold gains above $78,000, while Ethereum stalled near $2,150 as major cryptocurrencies remained flat.
Cryptocurrency-related stocks gained, with Coinbase Global Inc. (NASDAQ:COIN) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 1.19% and 1.13%, respectively.
Roughly $100 million was liquidated in the past 24 hours, evenly split between long positions and short positions, according to Coinglass data.
Bitcoin’s open interest fell 2.25% over the last 24 hours. Interestingly, the majority of retail and whale traders on Binance were positioned long on the apex cryptocurrency.
“Fear” sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
|
Cryptocurrency (Market Cap>$100 M) |
Gains +/- |
Price (Recorded at 9:10 p.m. EDT) |
|
Grass (GRASS) |
+27.49% |
$0.4148 |
|
Nexus (NEX) |
+18.92% |
$0.000005983 |
|
NEAR Protocol (NEAR) |
+15.85% |
$1.99 |
The global cryptocurrency market capitalization stood at $2.59 trillion, following an increase of 0.89% over the last 24 hours.
Stocks Close At Record Highs
Stocks rallied to record highs on Thursday. The Dow Jones Industrial Average rose 276.31 points, or 0.55%, for a closing record of 50,285.66. The S&P 500 lifted 0.17% to 7,445.72, while the tech-heavy Nasdaq Composite gained 0.09% to end at 26,293.10.
Investors have been optimistic after President Donald Trump said earlier in the week that negotiations with Iran are in the “final stages.”
The United States Oil Fund (NYSE:USO), which tracks West Texas Intermediate crude oil, has fallen 2% over the last week.
