Benzinga verify icon

2h
...

Bitcoin, Ethereum Surge, While XRP, Dogecoin Stall Amid Iran War Flareup: Analyst Says BTC Closing Above

Leading cryptocurrencies extended their gains, while stocks declined on Monday as Iranian attacks on UAE oil facilities unsettled investors.

Crypto Sentiment Shifts To ‘Neutral’

Bitcoin faced sharp rejection at $80,000, dropping to an intraday low of $78,217, before reclaiming the critical level later in the day.

Ethereum also reversed from the highs reached on Sunday, while XRP and Dogecoin traded sideways.

Over $480 million was liquidated in the past 24 hours, with $329 million in short positions alone wiped out, according to Coinglass data.

Open interest in Bitcoin futures rose further by 4.95% over the last 24 hours, signaling heightened speculative interest. However, both retail and…

Read more on Benzinga

1K Reads