Bitcoin, Ethereum Flat, While XRP, Dogecoin Drops After US Strikes Iran: Analyst Says 'Difficult' For BTC To Sustain A 'Durable Rally'
Leading cryptocurrencies fell sharply overnight on Monday after the military said it carried out “defensive” strikes in southern Iran.
|
Cryptocurrency |
24-Hour Gains +/- |
Price (Recorded at 9:25 p.m. EDT) |
|---|---|---|
|
-0.49% |
$76,752.41
| |
|
-0.38% |
$2,096.41 | |
|
-0.75% |
$1.34 | |
|
-1.22% |
$84.38 | |
|
-1.35% |
$0.1010 |
Major Cryptos Sink
Bitcoin dived sharply to $76.500 overnight, triggering similar declines in Ethereum and the broader cryptocurrency market.
Nearly $200 million was liquidated in the past 24 hours, with long position traders suffering more losses, according to Coinglass data.
Bitcoin's open interest dipped 0.47% over the last 24 hours, broadly aligning with the drop in spot price. Retail and whale derivatives traders on Binance, meanwhile, remained "Neutral" on the leading cryptocurrency.
"Fear" sentiment persisted in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
|
Cryptocurrency (Market Cap>$100 M) |
Gains +/- |
Price (Recorded at 9:25 p.m. EDT) |
|
SUPERFORTUNE (GUA) |
+24.65% |
$1.61 |
|
Keeta (KTA) |
+20.86% |
$0.2038 |
|
Unibase (UB) |
+16.03% |
$0.1857 |
The global cryptocurrency market capitalization stood at $2.56 trillion, following a contraction of 0.35% over the last 24 hours.
Stocks Futures Rally
Stock futures traded in the green Monday evening. The Dow Jones Industrial Average Futures rallied 317 points, or 0.63%, as of 8:46 p.m. EDT. Futures tied to the S&P 500 spiked 0.64%, while Nasdaq 100 Futures climbed 0.87%.
The rally came even as the U.S. military carried out what it described as "defensive" strikes in southern Iran against missile launch sites and boats attempting to lay mines.
The stock markets will open on Tuesday, following the Memorial Day holiday on Monday.
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