Oil prices fell sharply, reducing war risk premiums and fueling a broad risk-on move across assets. Markets welcomed President Trump’s five-day deferral of attacks on Iran, signaling a de-escalation of Middle East tensions. In crypto, Bitcoin rose to about $77,737 and Ethereum traded near $2,147, while the total crypto market cap advanced roughly 2.3% to $2.4 trillion.
Among the top cryptocurrencies, BNB gained about 2.11%, XRP rose 1.53%, SOL climbed 3.06%, and DOGE advanced 1.72%. HYPE rose 0.78% while TRX fell about 1.58%. Bitcoin dominance edged up to 58.5% and Ethereum dominance moved to 10.7%, reflecting a tilt toward large-cap assets. On-chain data from CoinGlass showed open interest at $104.15521 billion and total liquidations surging to $795.22 million, up 119.73%.
Bitcoin liquidations stood at $247.74 million, with longs at $101.75 million and shorts at $145.99 million; Ethereum liquidations reached $196.53 million, with longs $81.67 million and shorts $114.86 million. The spike in liquidations coincided with heightened near-term volatility and a renewed risk-on appetite as energy costs ease inflationary pressures and support a softer path for rates.
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