Major cryptocurrencies posted modest gains on Monday, even as equities rose amid optimism over Anthropic’s IPO.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:22 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.10% | $79,984 |
| Ethereum (CRYPTO: ETH) |
-0.20% | $2,318.90 |
| XRP (CRYPTO: XRP) | +0.70% | $1.30 |
| Solana (CRYPTO: SOL) | -0.70% | $71.81 |
| Dogecoin (CRYPTO: DOGE) | +1.10% | $0.08245 |
What’s Happening With Heavyweights?
Bitcoin remained range-bound near $80,000, while Ethereum traded in a narrow band between $2,290 and $2,338. XRP and Dogecoin moved higher.
Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 4.24% and 6.41%, respectively.
Nearly $175 million was liquidated from the cryptocurrency market in the last 24 hours, with long position traders bearing the brunt of the losses, according to Coinglass data.
Bitcoin’s open interest spiked 1.42% over the last 24 hours. Notably, smart money sentiment, which refers to the collective outlook and capital allocation of institutional investors, turned "bearish."
Top Gainers (24 Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at 9:22 p.m. EDT) |
| Quack AI (Q) | +248.30% | $0.1963 |
| Midnight (NIGHT) | +8.60% | $0.03988 |
| XDC Network (XDC) | +8.20% | $0.03362 |
Anthropic IPO’s Filing Lifts Markets
Stocks kicked off the new trading week on a strong note. The Dow Jones Industrial Average lifted 146.42 points, or 0.28%, to end at 52,361.58. The S&P 500 rose 0.7% to close at 7,676.77, while the tech-heavy Nasdaq Composite jumped 0.82% to settle at 26,169.38.
Markets reacted to Anthropic’s IPO filing, with the AI startup reportedly seeking to raise $100 billion or more at a valuation of $1.5 trillion to $2 trillion.
The ‘Next Buying Opportunity’
Ali Martinez, a widely followed cryptocurrency analyst and trader, highlighted Bitcoin breaking below a rising parallel channel on the 4-hour chart.
“As long as $82,000 holds as resistance, BTC could continue correcting toward $72,500,” Martinez added. “That’s where I’ll be looking for the next buying opportunity.”
On-chain analytics firm Santiment reported that Bitcoin has lost about 30,000 non-empty wallets since mid-October amid price stagnation around $80,000
“Crypto typically moves opposite crowd expectations at emotional extremes, so shrinking participation while BTC struggles near $80,000 strengthens the case that a local bottom may be forming shortly,” the research firm added.
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