Leading cryptocurrencies rallied on Thursday, but stocks plunged as the Iran war continued to pressure global energy prices.

Evening Spike For Crypto

Bitcoin hovered sideways most of the day before nearly hitting $72,000 late evening. Trading activity remained tepid.

Likewise, Ethereum spiked to $2,147, while XRP and Dogecoin also recorded notable jumps late in the day.

The global cryptocurrency market capitalization stood at $2.38 trillion, following a modest gain of 0.06% from the previous day.

Over $250 million was liquidated from the cryptocurrency market over the past 24 hours, with short liquidations accounting for the majority, according to Coinglass data.

Open interest in Bitcoin…

Read more on Benzinga