benzinga50d ago
Leading cryptocurrencies weakened, while stocks rallied sharply on Wednesday, as the Trump administration reportedly moves closer to a military conflict with Iran.Cryptocurrency24-Hour Gains +/-Price (Recorded at 8:25 p.m. ET)Bitcoin (CRYPTO: BTC)-0.93%$66,540.09Ethereum (CRYPTO: ETH) -0.85%$1.959.54XRP (CRYPTO: XRP) -3.40%$1.41Solana (CRYPTO: SOL) -3.23%$81.68Dogecoin (CRYPTO: DOGE) -2.33%$0.09837Crypto Market LagsBitcoin wobbled between the high $65,000s and the low $68,000s, while trading volume dipped over the last 24 hours.Ethereum also traded with low volatility, confined to a narrow range just under $2,000. XRP and Dogecoin recorded sharp 24-hour drops.Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR) and BitMine Immersion Technologies, Inc. (NYSE:BMNR), closed down 3.89% and 3,86%, respectively.Over $220 million was liquidated from the market in the last 24 hours, according to Coinglass, with long liquidations again bearing the brunt of the losses. Bitcoin’s open interest rose 1.31% over the past 24 hours. A rising open interest paired with falling prices often signals short buildup, reflecting strong bearish sentiment.The "Extreme Fear" sentiment gripped the market, according ...Full story available on Benzinga.com