Strait of Hormuz · The Defiant
CoinGlass data showed roughly $805 million in futures liquidations over the past 24 hours
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Nearly $390 million of Bitcoin derivatives positions were liquidated, along with $181 million of ETH positions.
Key facts
- Among other large-caps, XRP added 3.1% to $1.48, Solana rose 2% to $89, and BNB climbed 1.5% to $640
- CoinGlass data showed roughly $805 million in futures liquidations over the past 24 hours, with short positions accounting for the lion’s share at $643 million
- Spot Ether ETFs extended their winning streak to a sixth consecutive session with $18 million in net inflows on April 16, lifting cumulative inflows for the category to $11.82 billion
- BTC was changing hands near $77,274, up 3.7% over 24 hours and 5.8% on the week after briefly topping $78,000 earlier in the session, per CoinGecko
Summary
Bitcoin climbed back above $77,000 on Friday after Iran declared the Strait of Hormuz fully reopened to commercial shipping, the clearest geopolitical de-escalation since the US-Israel war on Iran broke out in late February. BTC was changing hands near $77,274, up 3.7% over 24 hours and 5.8% on the week after briefly topping $78,000 earlier in the session, per CoinGecko. Ether is trading around $2,425, up 4.1% on the day and 8% on the week. Among other large-caps, XRP added 3.1% to $1.48, Solana rose 2% to $89, and BNB climbed 1.5% to $640.