news.bitcoin.com
On Tuesday, the global crypto market climbed 4.94%, buoyed by bitcoin reaching an intraday peak of $91,761. The leading digital asset has appreciated 5.1% within the past 24 hours, with the broader crypto economy expanding by $130 billion since 5 p.m. on Monday.
Bitcoin Booms, Wall Street Rebounds: Dow, Nasdaq, and S&P Ride Tuesday High
Bitcoin and the rest of the crypto economy shone brightly on Tuesday, recording gains after Sunday and Monday’s increases. Presently, at 4 p.m. Eastern time on April 22, there’s $103.64 billion in global trade volume, up 16.6% higher than yesterday. Bitcoin’s trade volume alone represents $45.73 million of that aggregate, and presently trades for $91,536 per coin at press time.
While bitcoin rose 5.1%, ethereum ( $ETH) jumped 7.64%, solana ( $SOL) rose 6.25%, and dogecoin (DOGE) is up 8.75% today. Bitcoin’s top trading pairs on Tuesday include tether ( USDT), USD, $USDC, $FDUSD, EUR, and KRW. Tether holds the day’s top trading volume, followed by $BTC, $ETH, $USDC, $SOL, XRP, $FDUSD, and BNB. The meme coin turbo (TURBO) was the largest gainer as it rose 36.63% against the greenback. Other meme coins such as POPCAT and FARTCOIN rose 27.06% to 21.36%, respectively.
Some coins were thrown on Tuesday, as IP shed 5.93% and WEMIX took a 4.9% hit. GAS fell 4.47%, while FET dropped 2.63% and CORE eased 2.16%. Within the past 24 hours, crypto derivatives markets saw $347.12 million in liquidated positions on April 22, with bitcoin shorts making up $128 million of the total. Ethereum shorts followed, with more than $54 million erased. In all, 108,069 traders were liquidated over the course of the day, with the largest loss occurring on HTX, where a single $BTC position was wiped out for $3.65 million.
Alongside gains in crypto assets, equities staged a strong comeback Tuesday, buoyed by optimism that U.S.-China trade tensions might soon ease, giving investors a reprieve from the sharp losses endured during the prior session. The Nasdaq soared 2.41%, adding 383.55 points to close at 16,254. The NYSE followed suit with a 2.08% climb, gaining 374.80 points to end the day at 18,407. The Dow Jones took center stage, vaulting 1,005 points—an advance of 2.63%—to settle at 39,175. The S&P 500 concluded the rally with a 2.37% rise, notching an increase of 122.31 points to finish at 5,280.