Leading cryptocurrencies staged a sharp recovery alongside stocks on Thursday, <a href="https://www.benzinga.com/crypto/cryptocurrency/26/07/60786391/bitcoin-ethereum-xrp-dogecoin-iran-strikes-whales-buy-dip?nid=60827004&utm_campaign=partner_feed&utm_medium=partner_feed&utm_source=yahooFinance” rel=”nofollow noopener” target=”_blank”>reversing a Federal Reserve-drivensell-off the day before.
Crypto Market Rebounds
After a brief lull, Bitcoin pushed back above $65,000. Ethereum, meanwhile, continued to wrestle with bears near the $1,930 level
Cryptocurrency-related stocks also fell, withStrategy Inc.(NASDAQ:MSTR) and Bitmine Immersion Technologies Inc.(NYSE:BMNR) closing up 4.73% and 2.18%, respectively.
Nearly $200 million was liquidated from the cryptocurrency market in the last 24 hours, th bearish short traders taking the biggest hit, accordingto Coinglass data
Bitcoin’s open interest rose 2.25% over the last 24 hours, aligning with the spike in spot prices. The total cryptocurrency buy orders broadly matched the market sells, indicating equilibrium between market forces.
Despite the gains, “Extreme Fear” sentiment prevailed in the market, accordingto the Crypto Fear & Greed Index.
Cryptocurrency (Market Cap>$100 M) | Price (Recorded at 9:25 p.m. EDT) | |
SanDisk Tokenized bStocks(SNDKB) | ||
Micron Technology Tokenized bStocks(MUB) | ||
The global cryptocurrency market capitalization stood at $2.19 trillion, representing a 1.04% increase over the last 24 hours.
Read Also:JPMorgan Warns Crypto Faces Setback As CLARITY Act Odds Drop To 37%
Stocks Also Claw Back
The Dow Jones Industrial Average jumped 613.92 points, or 1.2%, to end the day at 52,208.06.The S&P 500 rallied 1.7% to settle at 7,437.63, while the tech-heavy Nasdaq Composite lifted 2.8% to settle at 25,122.18.
Microsoft Corp. (NASDAQ:MSFT) powered the rally, finishing 15% higher, after the company reported better-than-expected fourth-quarter financial results.
Meanwhile, geopolitical tensions remained elevated. The U.S. military rejected Iran’s claim that three F-35 fighter jets were destroyed in a recent missile attack on an American base in Jordan, adding that all the projectiles were intercepted.
Over the past few hours, Iranian state media have continued to report false claims by the Islamic Revolutionary Guard Corps (IRGC) – three in particular.
🚫 FIRST CLAIM: The IRGC (again) claims free and open routes through the Strait of Hormuz are dangerous for commercial… pic.twitter.com/J34ILmDvyk
— U.S. Central Command (@CENTCOM) July 30, 2026
