Leading cryptocurrencies rallied alongside stocks on Wednesday as President Donald Trump’s latest remarks on Iran helped ease geopolitical tensions.



<figure class="wp-block-table"><table><thead><tr><th>Cryptocurrency</th><th>24-Hour Gains +/-</th><th>Price (Recorded at 9:25 p.m. EDT)</th></tr></thead><tbody><tr><td>Bitcoin (CRYPTO: BTC)</td><td>+1.40%</td><td>$77,786.61 </td></tr><tr><td>Ethereum (CRYPTO: ETH)                </td><td>+1.43%</td><td>$2,140.79</td></tr><tr><td>XRP (CRYPTO: XRP)                         </td><td>+1.67%</td><td>$1.37</td></tr><tr><td>Solana (CRYPTO: SOL)                         </td><td>+2.68%</td><td>$86.47</td></tr><tr><td>Dogecoin (CRYPTO: DOGE)             </td><td>+1.65%</td><td>$0.1044</td></tr></tbody></table></figure>



<h2>Crypto Market Rallies</h2>



Bitcoin broke through the resistance at $78,000, with trading volume rising nearly 6% over the last 24 hours.



Ethereum also rallied overnight, jumping to a high of $2,150, while XRP and Dogecoin recorded noticeable gains.



Cryptocurrency-related also gained, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 0.72% and 4.08%, respectively.



Over $260 million was liquidated in the past 24 hours, predominantly in short positions, according to Coinglass data.



Bitcoin's open interest rose by a modest 0.75%, while retail and whale derivatives traders on Binance remained bullish  on the leading cryptocurrency. 



The market sentiment improved from &#34;Extreme Fear&#34; to &#34;Fear,&#34; according to the Crypto Fear &amp; Greed Index.



Top Gainers (24 Hours) 



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency (Market Cap&gt;$100 M)</td><td>Gains +/-</td><td>Price (Recorded at 9:25 p.m. EDT)</td></tr><tr><td>Wrapped HYPE (WHYPE)      </td><td>+32.40%</td><td>    $56.85</td></tr><tr><td>Jito (JTO)                   </td><td>+31.55%</td><td>    $0.5410</td></tr><tr><td>Block Street (SAHARA)            </td><td>+25.76%</td><td>    $1.05</td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $2.55 trillion, following a contraction of 0.30% over the last 24 hours.



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<h2>Stocks Bounce Back On Ceasefire Hopes</h2>



Stocks recovered sharply on Wednesday. The Dow Jones Industrial Average rallied 645.47 points, or 1.31%, closing at 50,009.35. The S&amp;P 500 lifted 1.08% to end at 7,432.97, while the tech-focused Nasdaq Composite gained 1.54% to end at 26,270.36. 



Trump, softening his recent war rhetoric, said the U.S. is in the &#34;final stages&#34; of talks with Iran and will give diplomacy &#34;one shot.&#34;



Meanwhile, minutes from the April Federal Reserve meeting showed that a majority of officials expected interest rate hikes if inflation, exacerbated by the Middle East conflict, were to continue running persistently above 2%. 



<h2>Why This BTC Ceiling Is ‘Significant’</h2>



Widely followed cryptocurrency analyst Ali Martinez identified $77,800 as a level of interest for Bitcoin.



&#34;A clean breakout above the $77,800 ceiling is significant. If we flip this level into support, it clears the path for BTC to accelerate toward $79,000,&#34; the analyst projected.



If the resistance holds, Martinez expects a healthy retracement, with $76,900 and $76,000 identified as key support levels.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div>
<blockquote>$77,800 is the key level to watch for Bitcoin $BTC. I'm tracking a well-defined channel that has developed on the lower timeframes, specifically the 15-minute chart. Right now, Bitcoin has climbed to test the upper boundary of this structure around $77,800. A clean breakout… pic.twitter.com/fz5YMN4M4C— Ali Charts (@alicharts) May 20, 2026</blockquote>
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<h2>Are ETH Bears Back In Control?</h2>



Blockchain analytics firm CryptoQuant noted that Ethereum's downside breakout from the triangle formation indicated that the &#34;consolidation phase has shifted in favor of sellers.&#34;



&#34;If Ethereum fails to reclaim the broken triangle structure, selling pressure could accelerate further and price may target the $1,350 support level,&#34; CryptoQuant predicted.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div>
<blockquote>Ethereum Confirms a Bearish Breakdown &#34;If Ethereum fails to reclaim the broken triangle structure, selling pressure could accelerate further, and price may target the $1,350 support level.&#34; – By @PelinayPA pic.twitter.com/HS4pnK7CSO— CryptoQuant.com (@cryptoquant_com) May 20, 2026</blockquote>
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Read Also:

Michael Burry Fears Crypto-Based Stocks Will Add To An Era Of No 'Long-Term Personal Relationships' In A Cyber-Punk Future




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Photo: KateStock / Shutterstock



Image via Shutterstock/ Joshua Sukoff

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Leading cryptocurrencies, including Bitcoin, Ethereum, XRP, and Dogecoin, saw gains as President Trump's remarks eased geopolitical tensions. Bitcoin rose 1.40% to $77,786.61, breaking resistance at $78,000. Ethereum increased by 1.43% to $2,140.79. The global cryptocurrency market cap is $2.55 trillion. Analyst Ali Martinez highlighted $77,800 as a key level for Bitcoin, while CryptoQuant warned of potential selling pressure for Ethereum if it fails to reclaim its previous structure.

- Leading cryptocurrencies rose on Wednesday as President Trump's comments eased geopolitical tensions, with Bitcoin surpassing $78,000.  
- The global cryptocurrency market capitalization is $2.55 trillion, despite a 0.30% contraction over the past day, while significant gains were observed in various altcoins.  
- Stocks also experienced a recovery, with the Dow Jones increasing 1.31% amid hopes for diplomacy with Iran, while the Federal Reserve indicated potential interest rate hikes dependent on inflation trends.

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Bitcoin, Ethereum, XRP, Dogecoin Rebound On Trump's Iran Remarks: Analyst Says Watch Out For This BTC Level