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Bitcoin, Ethereum, XRP, Dogecoin Recover Amid Iran War Uncertainty: Analyst Hopeful Of BTC Hitting $85,00

Leading cryptocurrencies rose on Monday, while stocks ended lower amid mixed signals from President Donald Trump on the Iran conflict.

Crypto Market Rebounds

Bitcoin spiked to an intraday high of $76,575, bolstered by a 20% jump in 24-hour trading volume. Ethereum reclaimed $2,300, while XRP and Dogecoin also lifted.

Over $270 million was liquidated in the past 24 hours, predominantly in short positions, according to Coinglass data.

Open interest in Bitcoin futures rose 3.70% over the last 24 hours. However, whale and retail traders on Binance were bearish on BTC, evidenced by higher number of shorts vis-à-vis longs.

“Fear” sentiment prevailed in the market, according to the Crypto Fear &…

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