Leading cryptocurrencies inched higher on Sunday as oil prices tumbled after Israel’s attack on Iran avoided hitting the country’s oil infrastructure.
Cryptocurrency
Gains +/-
Price (Recorded at 8:45 p.m. EDT)
Bitcoin (CRYPTO: BTC)
+1.37%
$67,834.40
Ethereum (CRYPTO: ETH)
+1.10%
$2,500.81
Dogecoin (CRYPTO: DOGE)
+4.21%
$0.1416
What Happened: Bitcoin spiked above $68,000 late evening before making a U-turn toward $67,800.
Oil prices were hit with the U.S. West Texas Intermediate (WTI) falling 4.6% to $68.48 a barrel as Israel struck Iran’s military targets but left its oil facilities unharmed.
Ethereum too reversed the downsides from last week to hit $2,520 before falling to $2,490 due to profit-taking.
Total cryptocurrency liquidations hit nearly $70 million in the last 24 hours, with $45 million in downside bets getting erased.
Bitcoin’s Open Interest surged 3.08% in the last 24 hours, indicating an influx of new money into the derivatives market.
Market sentiment remained in the “Greed” zone, according to the Cryptocurrency Fear & Greed Index, reflecting upside potential.
Top Gainers (24-Hours)
Cryptocurrency
Gains +/-
Price (Recorded at 9:15 p.m. EDT)
Raydium (RAY)
+14.17%
$3.48
MANTRA (OM)
+13.62%
$1.44
Popcat (POPCAT)
+8.82%
$1.55
The global cryptocurrency stood at $2.3 trillion, following an increase of 0.61% in the last 24 hours.
Stock futures edged higher Sunday overnight. The Dow …
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