--- title: "Bitcoin, Ethereum, XRP, Dogecoin Move Sideways: Analyst Says Middle East Ceasefire 'Best Trigger' For Crypto Market Strength" type: "News" locale: "en" url: "https://longbridge.com/en/news/287302979.md" description: "Leading cryptocurrencies like Bitcoin, Ethereum, and XRP moved sideways as traders anticipated a ceasefire in the Middle East, which analysts believe could strengthen the crypto market. Bitcoin's price fell slightly to $77,336.44, while Ethereum and XRP also saw minor declines. The global cryptocurrency market cap rose to $2.59 trillion. Stocks reached record highs, driven by optimism over U.S.-Iran negotiations. Analyst Michaël van de Poppe suggested that a ceasefire could ease macroeconomic pressures, benefiting altcoins." datetime: "2026-05-22T01:45:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287302979.md) - [en](https://longbridge.com/en/news/287302979.md) - [zh-HK](https://longbridge.com/zh-HK/news/287302979.md) generator: "portal-rs" --- # Bitcoin, Ethereum, XRP, Dogecoin Move Sideways: Analyst Says Middle East Ceasefire 'Best Trigger' For Crypto Market Strength Leading cryptocurrencies moved sideways, while stocks rose further on Thursday, as traders pinned their hopes on an Iran ceasefire. | **Cryptocurrency** | **24-Hour Gains +/-** | **Price (Recorded at 9:10 p.m. EDT)** | | ------------------------------------ | --------------------- | ------------------------------------- | | **Bitcoin** (CRYPTO: BTC) | -0.76% | $77,336.44 | | **Ethereum** (CRYPTO: ETH) | -0.73% | $2,127.64 | | **XRP** (CRYPTO: XRP)             | -0.59% | $1.36 | | **Solana** (CRYPTO: SOL)             | +0.19% | $86.67 | | **Dogecoin** (CRYPTO: DOGE)    | +0.65% | $0.1050 | ## Crypto Recovery Stalls **Bitcoin** failed to hold gains above $78,000, while **Ethereum** stalled near $2,150 as major cryptocurrencies remained flat. Cryptocurrency-related stocks gained, with **Coinbase Global Inc.** (NASDAQ:COIN) and **Bitmine Immersion Technologies Inc.** (NYSE:BMNR) closing up 1.19% and 1.13%, respectively. Roughly $100 million was liquidated in the past 24 hours, evenly split between long positions and short positions, according to Coinglass data. Bitcoin's open interest fell 2.25% over the last 24 hours. Interestingly, the majority of retail and whale traders on Binance were positioned long on the apex cryptocurrency. "Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index. **Top Gainers (24 Hours)**  **Cryptocurrency (Market Cap>$100 M)** **Gains +/-** **Price (Recorded at 9:10 p.m. EDT)** **Grass** (GRASS)       +27.49%     $0.4148 **Nexus** (NEX)     +18.92%     $0.000005983 **NEAR Protocol** (NEAR)        +15.85%     $1.99 The global cryptocurrency market capitalization stood at $2.59 trillion, following an increase of 0.89% over the last 24 hours. ## **Stocks Close At Record Highs** Stocks rallied to record highs on Thursday. The **Dow Jones Industrial Average** rose 276.31 points, or 0.55%, for a closing record of 50,285.66.The **S&P 500** lifted 0.17% to 7,445.72**,** while the tech-heavy **Nasdaq Composite** gained 0.09% to end at 26,293.10.  Investors have been optimistic after President **Donald** **Trump** said earlier in the week that negotiations with Iran are in the "final stages." The **United States Oil Fund** (NYSE:USO), which tracks West Texas Intermediate crude oil, has fallen 2% over the last week. ## BTC Miners Not Pricing In A Bottom Yet? Blockchain analytics firm CryptoQuant noted that while Bitcoin miners are reducing their reserves, they are not "selling aggressively" compared to historical averages. "This type of behavior is often seen near market bottom formations. That suggests miners still do not believe Bitcoin has fully entered a true bottom zone yet," CryptoQuant added. > Bitcoin Miners Do Not Believe the Market Is at a Bottom Yet > > "The decline in reserves still implies BTC supply entering the market. However, the weak MPI suggests these sales are not large enough to trigger a collapse. For this reason, the chart points to continued sideways… pic.twitter.com/tUYGSzmeQE > > — CryptoQuant.com (@cryptoquant\_com) May 21, 2026 Widely followed cryptocurrency analyst and trader **Michaël van de Poppe** said that a Middle East ceasefire would be the "best trigger for strength" on the cryptocurrency market. Van De Poppe stated that a ceasefire would ease broader macro headwinds,  pushing oil prices down, lowering U.S. Treasury yields, and prompting further corrections in gold and silver, conditions that would support a rebound in altcoins. > A cease fire in the Middle East is the best trigger for strength on the crypto markets. > > It's quite easy. > > Everything has been a green light for altcoins, except for the macro conditions in the world. > > If there's a cease fire, the most likely impacts: > – Yields will go down in… > > — Michaël van de Poppe (@CryptoMichNL) May 21, 2026 *Photo Courtesy: vinnstock on Shutterstock.com* ### Related Stocks - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md) - [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md) - [XRPR.US](https://longbridge.com/en/quote/XRPR.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [GXRP.US](https://longbridge.com/en/quote/GXRP.US.md) - [XXRP.US](https://longbridge.com/en/quote/XXRP.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [TDOG.US](https://longbridge.com/en/quote/TDOG.US.md) - [BWOW.US](https://longbridge.com/en/quote/BWOW.US.md) - [XRPZ.US](https://longbridge.com/en/quote/XRPZ.US.md) - [CETH.US](https://longbridge.com/en/quote/CETH.US.md) - [GDOG.US](https://longbridge.com/en/quote/GDOG.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [BMNR.US](https://longbridge.com/en/quote/BMNR.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [BMNRD.US](https://longbridge.com/en/quote/BMNRD.US.md) ## Related News & Research - [Dogecoin Rallies 21% In 1 Month: What Is Going On?](https://longbridge.com/en/news/298073478.md) - [Ethereum: Protocol cluster targets quantum-resistant L1 by December 2029 - Dec 2029](https://longbridge.com/en/news/298228538.md) - [VERT co-founder says tokenization alone does not guarantee liquidity for real-world assets](https://longbridge.com/en/news/297686685.md) - [Ripple, SettleMint Team Up Amid 'Surprisingly Resilient' XRP ETF Flows](https://longbridge.com/en/news/297648064.md) - [Attackers Leave On-chain Message After $320 Million Exits Liquid Network](https://longbridge.com/en/news/298140784.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**