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Bitcoin, Ethereum, XRP, Dogecoin Rebound Amid Iran War-Induced Oil Volatility: Analyst Targets BTC Upside Once This Barrier Is Cleared

Benzinga ·  Mar 11 10:05

Leading cryptocurrencies recovered on Tuesday, while stocks and commodities remained volatile amid the ongoing Middle East war.

Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:30 p.m. ET)
Bitcoin (CRYPTO: BTC)+1.59%$70,050.52
Ethereum (CRYPTO: ETH)

+1.16%$2,035.55
XRP (CRYPTO: XRP) +1.34%$1.38
Solana (CRYPTO: SOL) +0.85%$86.04
Dogecoin (CRYPTO: DOGE) +3.02%$0.09370

Crypto Market's U-Turn

Bitcoinrebounded as high as $71,700, with trading volume surging 11% in the last 24 hours.

Ethereumspiked to an intraday high of $2,087.99 before easing to $2,035 in the evening.XRPandDogecoinwere up in the green.

Shares ofStrategy Inc.(NASDAQ:MSTR) andCoinbase Global Inc.(NASDAQ:COIN) closed down 0.35% and 1.64%, respectively.

Nearly $300 million was liquidated from the cryptocurrency market over the past 24 hours, predominantly short positions, according to Coinglass data. Moreover, about $490 million in Bitcoin shorts risked liquidation if...

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