Leading cryptocurrencies traded mixed on Monday as escalating geopolitical tensions curbed investors’ risk appetite.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:25 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.86% | $65,438.98 |
| Ethereum (CRYPTO: ETH) | +1.51% | $1,909.75 |
| XRP (CRYPTO: XRP) | +1.30% | $1.11 |
| Solana (CRYPTO: SOL) | +1.27% | $77.93 |
| Dogecoin (CRYPTO: DOGE) | -0.70% | $0.07226 |
Crypto Trading Volume Spikes
Bitcoin traded in the $65,000 area through most of the day as 24‑hour volume increased 92%. Ethereum continued to face strong resistance around the $1,915, while XRP edged higher.
Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 3.13% and 5.99%, respectively.
More than $245 million in cryptocurrency positions were liquidated over the past 24 hours, with bearish shorts taking the heaviest losses, according to Coinglass data.
Bitcoin’s open interest rose 2.20% over the last 24 hours. Retail derivatives traders on Binance turned neutral on the flagship cryptocurrency, while whales stayed bullish.
"Extreme 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 9:25 p.m. EDT) |
| Lorenzo Protocol (BANK) | +27.07% | $0.2901 |
| Bonk (BONK) | +15.80% | $0.000003207 |
| Unibase (UB) | +14.74% | $0.1013 |
The global cryptocurrency market capitalization stood at $2.30 trillion, representing a 0.66% increase over the last 24 hours.
Stock Market Closes Lower
Stocks closed in the red on Monday. The Dow Jones Industrial Average slid 307.16 points, or 0.59%, to close at 51,839.26. The S&P 500 declined 0.19% to close at 7,443.28, while the tech-heavy Nasdaq Composite fell 0.05% to end at 25,508.07.
The U.S. military said it initiated a new round of strikes against Iran even as President Donald Trump said via his Truth Social that Iran would pay for the deaths of American soldiers “many times over.”
This development comes after Iranian Foreign Minister Seyed Abbas Araghchi said that the U.S. would lift its naval blockade of the Strait of Hormuz and begin releasing frozen Iranian assets.
Will Momentum Fizzle Out?
Blockchain analytics firm Santiment noted that the average short-term holders of Bitcoin and Ethereum were in “slight profit,” with the 30-day Market Value to Realized Value back above 0%.
“Positive MVRVs tell us the rebound is real, while also reminding bulls that short-term gains can invite faster selloffs if momentum starts cooling,” the research firm added.
Ali Martinez, a widely followed cryptocurrency analyst and trader, stated that Ethereum must hold $1,850 as support to target the next upside at $2,300.
Photo Courtesy: Marc Bruxelle on Shutterstock.com
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