Leading cryptocurrencies and stocks traded in the green on Monday, while the precious metal rally reversed, as investors increased risk appetite.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 8:25 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.93% | $88,316.74 |
| Ethereum (CRYPTO: ETH) |
+1.80% | $2,924.02 |
| XRP (CRYPTO: XRP) | +1.14% | $1.90 |
| Solana (CRYPTO: SOL) | +2.01% | $124.09 |
| Dogecoin (CRYPTO: DOGE) | +0.03% | $0.1222 |
Crypto Sentiment Improves
Bitcoin pared Sunday’s losses, rallying to an intraday high of 88,743. Trading volume for the apex cryptocurrency increased 10% in the last 24 hours.
Ethereum also rebounded, nearly breaking $3,000, while XRP gained 1.14%.
Bitcoin’s dominance stood at 59%, while Ethereum accounted for nearly 12% of the total market share.
Over $360 million was liquidated from the market in the last 24 hours, according to Coinglass, with bearish short positions accounting for $265 million.
Bitcoin’s open interest fell 0.51% in the last 24 hours. A fall in open interest, coupled with a jump in price typically indicates short covering, meaning short sellers are buying back their positions.
The market sentiment improved from “Extreme Fear” to “Fear,” according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 8:25 p.m. ET) |
| Axie Infinity (AXS ) | +39.12% | $2.68 |
| Akash Network (AKT ) | +13.91% | $0.4813 |
| Venice Token (VVV ) | +14.45% | $3.49 |
The global cryptocurrency market capitalization stood at $2.98 trillion, following a modest increase of 0.95% in the last 24 hours.
Stocks Surge, Commodities Fall
Stocks closed in the green on Monday. The Dow Jones Industrial Average lifted 313.69 points, or 0.64%, to settle at 49,412.40. The S&P 500 rallied 0.50% to end at 6,950.23, while the tech-heavy Nasdaq Composite gained 0.43% to close the session at 23,601.36.
Tariff-related developments were on investors’ radar. President Donald Trump threatened to levy 100% tariffs on Canada over the weekend, but Canadian Prime Minister Mark Carney insists that it complies with the U.S.-Mexico-Canada Agreement.
The precious metals rally reversed, with silver collapsing 8% to $105 an ounce after rallying to an all-time high of $117 an ounce. Spot Gold dropped 1.33% to $5,016.20.
The Levels To Watch Out For
Widely followed cryptocurrency commentator Ted Pillows highlighted Bitcoin’s order book, noticing $152.8 million worth of buy orders between $85,000 and $88,000.
“This zone should hold,” the analyst predicted.
Another popular analyst EliZ pointed out a Bitcoin trading setup where price bounced from $86,000 after a liquidity sweep.
“Now the situation is simple: liquidity is either above or below the Monday Range,” the analyst said, referring to the channel roughly between $86,000 and $88,000.
Photo Courtesy: Sodel Vladyslav on Shutterstock.com
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