Bitcoin Touches $82,000, Ethereum, XRP, Dogecoin Also Gain Amid Tokenization Push by SEC: Analyst Confirm

Leading cryptocurrencies rallied on Sunday as risk appetite surged amid the Securities and Exchange Commission’s push to introduce tokenized-stock products.

Crypto Market Rallies

Bitcoin spiked late evening, briefly surpassing $82,000 before pulling back. Similarly, Ethereum surged past $2,700, supported by a 41% jump in 24-hour volume.

Sentiment has improved after the SEC introduced a regulatory pathway allowing certain tokenized U.S. stocks to trade on blockchains.

Nearly $400 million in cryptocurrency positions were liquidated over the past 24 hours, with shorts taking the heaviest losses, according to Coinglass data.

Bitcoin’s open interest rose 0.90% over the last 24 hours and nearly 10% over the week. On Binance, both retail and whale derivatives traders stayed neutral on the apex cryptocurrency.

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

Top Gainers (24 Hours) 

The global cryptocurrency market capitalization stood at $2.81 trillion, up 1.12% over the last 24 hours.

Stock Futures Spike

Stock futures lifted overnight on Sunday. The Dow Jones Industrial Average Futures rose 115 points, or 0.22%, as of 8:44 p.m. EDT. S&P 500 futures were up 0.34%, while Nasdaq 100 Futures added 0.53%.