Bitcoin, other leading cryptocurrencies rose alongside stock futures as President Donald Trump pressed for a coordinated effort to keep oil exports from the Strait of Hormuz open. Bitcoin saw a 33% increase in trading volume and surpassed rival Ether, with Ether reaching an intraday peak of $2,200. Approximately $194 million was liquidated from the cryptocurrency market over the past 24 hours, with short positions worth $145 million evaporated. However, despite this increase, there remained high levels of extreme fear in the market. The global cryptocurrency market capitalization stood at $2.42 trillion, a 2.11% gain from the previous day.