Leading Ethereum fluctuated near the $1,700 mark, even as 24-hour trading volume experienced a slight increase. Meanwhile, XRP and Dogecoin both saw their prices retreat.
Crypto-linked equities also faced downward pressure, with MicroStrategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) finishing the session down 3.58% and 2.54%, respectively.
More than $330 million was liquidated from the crypto market over the past 24 hours, with $261 million in bullish long positions alone being wiped out.
Bitcoin’s open interest dropped 1.40% over the last day. Sentiment among “smart money”—referring to the collective outlook and capital allocation of institutional investors—has turned extremely bearish on Binance.
Cryptocurrency (Market Cap >$100 M)
Price (Recorded at 9:20 p.m. EDT)
The total global <a This is in retribution for yesterday's bombing of ships by Iran. If it happens again, it will get much worse."
Earlier in the day, he declared that the sending markets reeling.
Bitcoin To Struggle In Short Term?
On-chain analytics firm Santiment pointed to a significant surge in “war-related crypto chatter,” suggesting that market participants should prepare for heightened volatility in the coming days.
