Bitcoin, Ethereum, XRP, Dogecoin Rise Amid Treasury Yields Pressure: Analyst Flags BTC's Sunday Spikes Th

Leading cryptocurrencies gained Sunday overnight as investors weighed in on Treasury yields and the Federal Reserve’s cues on interest rate policy.

Crypto Market Spikes

Bitcoin briefly approached $87,000 in a late-evening surge, while Ethereum stalled at $2,730. Dogecoin rose 4% over the previous day.

Roughly $130 million was liquidated from the cryptocurrency market in the last 24 hours, with $105 million in bearish short positions wiped out, according to Coinglass data.

Bitcoin’s open interest surged 4.47% over the last 24 hours after the spot price increased. BTC’s Long/Short Ratio flipped over 1, suggesting higher long exposure.

“Greed” sentiment prevailed in the market, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

The global cryptocurrency market capitalization crossed $3 trillion after an increase of 0.70% over the last 24 hours.

Stock Futures in the Green

Stock futures edged higher on Sunday. The Dow Jones Industrial Average Futures gained 35 points, or 0.08%, as of 8:40 p.m. EDT. S&P 500 futures rose 0.14%, while Nasdaq 100 Futures added 0.35%.

Treasury yields remain in the spotlight as long-dated government bond rewards climb to their multi-year highs.

Investors will closely monitor the release of the Federal Reserve’s September meeting minutes on Wednesday. Odds of a rate increase at the upcoming October meeting stayed flat at 22%, according to the CME FedWatch tool.