Bitcoin, Dogecoin Surge Amid Global Market Volatility

Bitcoin and Dogecoin saw gains on Monday as traders weighed geopolitical risks from Iran against selling pressure from large corporate Bitcoin treasuries.

The global cryptocurrency market capitalization dipped 0.79% to $2.2 trillion over the last 24 hours, with around $240 million liquidated from the market.

Bitcoin's price jumped to an intraday high of $64,020 before pulling back to around $62,000, while Ethereum remained stuck in the $1,800 region.

CryptoQuant noted that Bitcoin's Adaptive Sell-side Risk Ratio has declined to levels historically associated with accumulation phases, which could indicate a long-term risk-reward improvement for investors.