Bitcoin Tops $75,000 as Ether and XRP Rally

Bitcoin climbed about 6.5% on Monday to trade above $75,000, while Ether rose 8% to $2,350 and XRP gained 4% to $1.40. Solana advanced about 6% to $86.30, according to Coinglass data.

Crypto derivatives activity increased: open interest rose to $122.46 billion, up roughly 7.95%, and liquidations reached $497.40 million, an increase of about 78.9%, Coinglass reported.

U.S. equity futures were steady heading into Tuesday, with S&P 500 futures up 0.06%, Dow futures higher by about 10 points (0.02%) and Nasdaq-100 futures up nearly 0.2%. In Monday’s regular session, technology stocks led gains; the State Street Technology Select Sector SPDR Fund rose about 2% and the S&P 500 gained roughly 1%, erasing losses sustained since tensions in the Middle East escalated.

Weekend peace talks between the U.S. and Iran broke down. Former President Donald Trump commented Monday, “We’ve been called by the other side,” and added, “They’d like to make a deal very badly.” Traders took the remarks as an indication that negotiations might still resume.

The U.S. announced a blockade in the Strait of Hormuz. West Texas Intermediate crude settled up about 2.6% at $99.08 a barrel, while Brent crude rose more than 4% to about $99.36.

Gold traded around $4,780 an ounce, recovering most of the 0.6% it lost over the previous two sessions. It remained about 10% below levels from late February.

Earnings reports due Tuesday include JPMorgan Chase, Johnson & Johnson, Wells Fargo and Citigroup.

The crypto price moves coincided with technology-led equity gains, higher oil prices and public comments about diplomacy. Derivatives metrics showed increased trader activity and positioning during the session.