Leading cryptocurrencies fell alongside stocks on Tuesday amid a report that AI giant OpenAI reportedly missed its key targets.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:35 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.12% | $76,330.28 |
| Ethereum (CRYPTO: ETH) |
-0.82% | $2,283.76 |
| XRP (CRYPTO: XRP) | -1.41% | $1.37 |
| Solana (CRYPTO: SOL) | -0.75% | $83.88 |
| Dogecoin (CRYPTO: DOGE) | +0.34% | $0.09955 |
Crypto Market Drags Lower
Bitcoin fell to an intraday low of $75,673, with trading activity substantially falling over the last 24 hours. Ethereum wobbled in the tight range between $2,250 and $2,300, while XRP also traded in the red.
Shares of Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closed down 2.06% and 1.33%, respectively.
Over $190 million was liquidated in the past 24 hours, predominantly affecting long traders, according to Coinglass data.
Open interest in Bitcoin futures fell further by 3.54% over the last 24 hours. Binance derivatives traders remained bearish on the asset, placing more short positions vis-à-vis longs.
“Fear” sentiment persisted in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:35 p.m. EDT) |
| SKYAI (SKYAI) | +33.02% | $0.2187 |
| Humanity Protocol (H) | +24.07% | $0.1757 |
| Unibase (UB) | +19.61% | $0.05871 |
The global cryptocurrency market capitalization stood at $2.55 trillion, following a drop of 1.01% over the last 24 hours.
Stocks Retreat On OpenAI’s Concerns
Stocks pulled back from record highs on Tuesday. The Dow Jones Industrial Average dipped 25.86 points, or 0.05%, to end at 49,141.93. The S&P 500 retreated 0.49% to close at 7,138.80, while the tech-focused Nasdaq Composite fell 0.9% to settle at 24,663.80.
The sell-offs followed a report that OpenAI failed to meet its set targets for revenue and new users, with its own leadership doubting the company’s ability to fund future computing contracts if growth falters.
In other news, oil prices kept climbing. The United States Oil Fund (NYSE:USO), which tracks West Texas Intermediate crude oil, closed up 3.62% at $139.60, more than doubling year-to-date.
Bitcoin Bull Run Before Financial Crisis?
Widely followed cryptocurrency analyst and trader Ali Martinez noted that Ethereum is testing its realized price at $2,335 as support—a level that has historically acted as a “technical prerequisite” for a “sustained rally.”
“If ETH can claim this $2,335 level and establish it as a support floor, it creates the structural conditions to target that upper $5,600 band,” Martinez added.
Michaël van de Poppe, another prominent cryptocurrency commentator on X, anticipated a “massive” financial crisis—but not before a Bitcoin bull run.
“Would expect to see a long bull run on Bitcoin in 2027/2028 first,” Van De Poppe stated. “That high on Bitcoin will likely be the end of the entire risk-on period and we’ll go into a crisis like 1930.”
Photo courtesy: DUSAN ZIDAR on Shutterstock.com
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