- The overall cryptocurrency market capitalization gained 2.5%, crossing $2.5 trillion.
- Shares of digital asset treasuries (Strive Asset Management, Bimine Immersion Technologies, and Strategy) rallied in early morning trade.
- Altcoins Cardano, Dogecoin, Solana, and Ethereum outperformed Bitcoin‘s 2.9% gain among top tokens.
Cryptocurrency markets rallied on Friday morning, with Bitcoin crossing $72,000 and the total market value surpassing $2.5 trillion. Consequently, nearly $275 million in liquidations occurred, with data showing $200 million in short bets were wiped out.
Bitcoin’s price rose 2.9% to around $72,400. However, retail sentiment on Stocktwits for the apex cryptocurrency remained neutral amid low chatter levels.
Meanwhile, altcoins Cardano, Dogecoin, Solana, and Ethereum outperformed Bitcoin among the top ten tokens. Cardano led with a nearly 5% gain, though it remains over 91% below its 2021 peak.
Shares of digital asset treasuries moved higher as Bitcoin rallied. Strive Asset Management stock led gains, rising as much as 6% in pre-market trade.
Bimine Immersion Technologies stock jumped over 4.5%, and Strategy rose around 3.8%. According to a tracker, Strategy purchased an estimated 11,000 BTC this week.
Crypto exchanges Coinbase Global and Gemini Space Station also posted pre-market gains of around 3.8% and over 3%, respectively. Despite the market rally, retail sentiment for many cryptocurrencies and crypto-linked equities on Stocktwits remained cautious.
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