Leading cryptocurrencies traded sideways on Sunday after President Donald Trump's tariff reprieve on technology products.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Bitcoin BTC/USD | -0.41% | $84,801.98 |
| Ethereum ETH/USD | -1.16% | $1,619.24 |
| Dogecoin DOGE/USD | -0.76% | $0.1657 |
What Happened: Bitcoin touched an intraday high of $86,015 before being dragged down by profit-taking. The apex cryptocurrency had a rough start to the week but has recovered, gaining over 7% in the last seven days.
Meanwhile, Ethereum struggled to reclaim $1,700, wobbling in the $1,600 region throughout the week.
Bitcoin maintained a market dominance of more than 62%, while Ethereum’s share fell to 7.3%.
Nearly $340 million was liquidated from the market in the last 24 hours, with over $225 million in long positions erased.
Bitcoin’s Open Interest fell by 5.47% in the last 24 hours. Moreover, the Long/Short Ratio on Binance rose to 0.94, indicating an increase in bullish positioning for the asset.
The market sentiment was one of "Fear," according to the Crypto Fear and Greed Index, marking an improvement from the "Extreme Fear" witnessed last week.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Flare (FLR) | 5.12% | $0.01652 |
| Tron (TRX) | 3.71% | $0.255 |
| Artificial Superintelligence Alliance (FET) | 2.74% | $0.4993 |
The global cryptocurrency market capitalization stood at $2.68 trillion, following a marginal decline of 0.84% in the last 24 hours.
Stock futures edged higher Sunday overnight. The Dow Jones Industrial Average Futures rose 147 points, or 0.36%, as of 8:30 p.m. EDT. Futures tied to the S&P 500 added 0.74%, while Nasdaq 100 Futures spiked 1.25%.
The latest spike followed Trump's exemptions on consumer electronics and semiconductors, including those from China, from reciprocal tariffs, providing temporary relief to tech behemoths like Apple Inc. AAPL and Nvidia Corp. NVDA.
See More: Best Cryptocurrency Scanners
Analyst Notes: Popular blockchain analytics firm CryptoQuant noticed the narrowing difference between Binance's perpetual futures price and the spot price of Bitcoin.
"The perpetual-spot gap can shift quickly and often leads price action. If it turns positive soon, it could be a clear sign of returning buyer confidence and the potential for another bullish wave," CryptoQuant added. "A positive gap indicates that traders are willing to pay a premium on futures, reflecting confidence in continued upside."
Widely followed cryptocurrency analyst Ali Martinez highlighted $86,000 as a key resistance zone for Bitcoin.
"A rejection could send it back to $79,000, but a breakout might open the path to $97,000," the analyst predicted.
Photo by CMP_NZ on Shutterstock
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