Financial Insights That Matter
Leading cryptocurrencies held on to gains Sunday as the U.S. announced a trade deal with China.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Bitcoin BTC/USD | +0.65% | $105,015.33 |
| Ethereum ETH/USD |
+0.33% | $2,536.90 |
| Dogecoin DOGE/USD | -4.10% | $0.2364 |
What Happened: Bitcoin tapped $105,000 for the first time since the last week of January, while Ethereum consolidated between the mid-$2,400s and the early $2,500s.
Ethereum’s market dominance topped 9%, while Bitcoin’s market share narrowed to 62%.
Over $333 million was liquidated from the cryptocurrency market in the last 24 hours, with bullish leveraged bets accounting for $216 million.
Nearly $720 million in Bitcoin shorts risked liquidation if the apex cryptocurrency reclaimed its all-time high of $109,000.
Bitcoin’s Open Interest rose 1.81% in the last 24 hours, although over 60% of Binance traders with an open BTC position were positioned short.
The market remained “Greedy” according to the Crypto Fear and Greed Index, implying a potential surge in buying pressure.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Pi (PI) | +49.64% | $1.15 |
| Four (FORM) | +8.61% | $2.59 |
| Being being (What) | +6.89% | $0.1184 |
The global cryptocurrency market capitalization stood at $3.34 trillion, following a 0.60% dip in the last 24 hours.
Stock futures spiked Sunday overnight. The Dow Jones Industrial Average Futures rose 436 points, or 1.06%, as of 8:36 p.m. EDT. Futures tied to the S&P 500 lifted 1.34%, while Nasdaq 100 Futures gained 1.76%.
The rally came after President Donald Trump said “great progress” was made during the high-level trade talks between the U.S. and China in Geneva and signaled a “total reset.”
Disclosure: 82% of retail CFD accounts lose money
Infact, the White House announced progress on the trade deal in a post on X.
This week, investors will await the consumer price index reading for April, allowing them to gauge the impact of trade tensions on the economy and inflation.
Stocks also climbed on Wednesday. The Dow Jones Industrial Average rose 254.48 points, or 0.62%, to end at 41,368.45. The S&P 500 lifted 0.58% to close at 5,663.94, while the tech-heavy Nasdaq Composite gained 1.07% to finish at 17,928.14.
See More: Best Cryptocurrency Scanners
Analyst Notes: Cryptocurrency analyst and trader Rect capital identified $104,500 as a significant level for Bitcoin, with a weekly close above it paving the way for a “price discovery uptrend.”
Another widely followed trader, Roman, said Ethereum’s weekly growth chart painted a “solid recovery.”
“I’d like to see a bit more continuation before a pullback. Will consider opening up alt spot positions once again if this occurs,” Roman added.
Photo Courtesy: Yalcin Sonat on Shutterstock.com
Read Next:
#1a73e8;">Boost Your Financial Knowledge and Achieve Stability
Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.
#1a73e8;">Top Financial Tips for Saving and Investing
- Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
- Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
- Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.