Leading cryptocurrencies held steady, while stocks closed at new records on Thursday as President Donald Trump said Iran agreed to transfer its “nuclear dust” to the U.S
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:25 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.13% | $74,712.15 |
| Ethereum (CRYPTO: ETH) |
-0.81% | $2,332.19 |
| XRP (CRYPTO: XRP) | +2.44% | $1.43 |
| Solana (CRYPTO: SOL) | +4.28% | $88.46 |
| Dogecoin (CRYPTO: DOGE) | +3.89% | $0.09856 |
Major Coins Consolidate
Bitcoin traded in a range between the mid-$73,000s and mid-$75,000s, even as 24-hour volume climbed 9%.Ethereum consolidated around $2,300, while XRP and Dogecoin moved higher.
Shares of Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closed up 3.76% and 2.00%, respectively.
Over $440 million was liquidated in the past 24 hours, nearly evenly split between long positions and short positions, according to Coinglass data.
Open interest in Bitcoin futures fell 0.70% over the last 24 hours. Meanwhile, derivative sentiment on Binance remained bearish for the apex cryptocurrency.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:25 p.m. EDT) |
| Ordi (ORDI) | +175.03% | $9.82 |
| siren (SIREN) | +124.03% | $1.89 |
| RaveDAO (RAVE) | +55.16% | $16.80 |
The global cryptocurrency market capitalization stood at $2.52 trillion, following an increase of 0.82% increase in the last 24 hours.
Stocks Extend Record-Breaking Run
The stock market rally continued on Thursday. The Dow Jones Industrial Average lifted 115 points, or 0.24%, to end at 48,578.72. The S&P 500 rose 0.26% to finish at 7,041.28, while the tech-heavy Nasdaq Composite gained 0.36% to end at 24,102.70, both closing at record highs.
Trump told reporters at the White House that Iran has agreed to “give us back the nuclear dust” and committed to abandoning nuclear weapons. Iran has not yet confirmed these claims.
Trump also announced a 10-day ceasefire between Israel and Lebanon on Truth Social starting Thursday at 5 p.m. ET.
Oil prices retraced, with West Texas Intermediate crude futures trading down 1.32% to $93.44 per barrel. Spot gold held steady at $4,780 per ounce.
Bitcoin To Catch Up Soon?
Widely followed cryptocurrency analyst and trader Michaël van de Poppe anticipated good times ahead for risk-on assets amid lower gold volatility and softer oil prices.
“I think we’re in for a good Q2, given the data, Bitcoin to $85,000-$88,000,” the analyst projected.
Rekt Capital, another well-known cryptocurrency commentator on X, highlighted Bitcoin’s struggles to break the resistance at $74,800.
“If Bitcoin wants to close above the weekly resistance [$72810, blue], then price would need to hold the blue level as support on any upcoming dip,” the analyst said.
Photo: Below the Sky via Shutterstock
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