Bitcoin, Ethereum, Dogecoin Rise as Crypto Summit Looms
Bitcoin, Ethereum and Dogecoin rose on Monday while XRP was little changed, as investors weighed Iran developments, a possible White House crypto summit and market liquidity.
Leading cryptocurrencies rose on Monday as investors weighed developments related to Iran and the possibility of a White House meeting with cryptocurrency and prediction-market executives. m. 07018 Crypto Market Gains Momentum Bitcoin fell sharply overnight after breaking $65,500 in early trading. Trading volume for the apex cryptocurrency jumped 43% over the last 24 hours.
Ethereum remained volatile around the $1,700 mark, as buying and selling pressure from bulls and bears created significant swings Cryptocurrency-related stocks also rose, with Strategy Inc. (NASDAQ: MSTR ) and Bitmine Immersion Technologies Inc. 68%, respectively. President Donald Trump is reportedly expected to host top cryptocurrency, prediction market and finance executives at the White House this week.
Over $210 million was liquidated from the cryptocurrency market in the last 24 hours, with $175 million in bearish short positions alone wiped out, according to Coinglass data. 06 billion. Meanwhile, retail and whale derivatives traders on Binance lowered their BTC long exposure, although overall sentiment remains bullish. m.
58% over the last 24 hours. Read Also: ETH Is a Better Bet Than BTC, Prominent Trader Argues: Bitcoin Just Needs to Break $65,000 First Stocks End Lower Stocks began the new trading week in the red. 78. 91.
S. and Iran on June 17 expired on Monday as negotiations between the two sides continued to stall. ” Institutional Demand Tapering On-chain analytics firm CryptoQuant highlighted that Bitcoin’s Coinbase Premium Index has been negative for over three months. The Coinbase Premium Index measures the percentage difference between Bitcoin’s price on Coinbase and its price on global exchanges.
S. institutional buying versus global retail demand. 10 — deep in negative territory. Until this index crosses back above zero, a high-momentum uptrend in BTC is unlikely,” CryptoQuant said.
10 — deep in negative territory. com (@cryptoquant_com) August 17, 2026 Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, identified $65,000 as near-term resistance for potential profit-taking, while maintaining a bullish outlook that the bottom is in and price would head toward $73,000 in the longer term. The analyst said they’d also consider buying BTC below $64,000 in the coming days. There we go.
Very simple, it retraced towards $63,300 to take some liquidity. That was enough for acceleration, and that has dragged the price of #Bitcoin upwards to $64,600 in a fast manner, as there was a lot of liquidity to grab. It might even run towards $65,000. com