Dash saw significant volatility on Tuesday, even as the broader crypto market, including privacy focused coins, posted gains.
DASH surged as much as 61% on a breakout that liquidated $4.9 million in shorts in the last 24 hours, with open interest surging 150% in this time frame, reaching $131.22 million.
The privacy token sharply rose from $39.21 to $69.22, posting a massive green candlestick on the daily chart. The move extends a recovery from Sunday’s low of $36.59 following a broader privacy sector rally.
DASH’s surge, about 63%, is buoyed by exchange listings, technical breakout and ecosystem developments.
![Article image]()
DASH/USD Daily Chart, Courtesy: TradingViewAlchemy Pay has partnered with Dash to enable global fiat on-ramp access to the cryptocurrency. With Alchemy Pay’s payment infrastructure, users can acquire DASH across 173 countries, supported by over 50 fiat currencies and 300 payment channels.
A look through the official X account of DASH also reveals new exchange listings.
Capital rotation among privacy coins might have also contributed to Dash’s price surge, as Monero recently set a new all-time high.
Short squeeze?
After months of decline followed by range trading, DASH saw a breakout surpassing its daily MA 50 and 200 at $44.99 and $38.99 in a move obviously fueled by a short squeeze.
This is seen in liquidation data, with $4.9 million in shorts liquidated over the last 24 hours compared to $1.74 million in longs.
DASH volume on the derivatives market has surged 2,333%, reflecting increased activity. At press time, DASH was trading at $60.
Boosting positive sentiment, Dash teases major developments, including a decentralized social media site (like X) that has peer-to-peer tipping, users owning all data, encrypted DMs and social interactions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Here’s Where Hedera (HBAR) Price is Headed In March
Hedera’s story is starting to look different. Over the past few days, the conversation around Hedera (HBAR) has shifted from pure speculation to real-world infrastructure use cases. The network was highlighted among high-upside altcoins if broader market momentum returns.
However, a senior
CaptainAltcoin4m ago
Bob Loukas Calls Bitcoin 'Horrendous' on Weekly Chart, Sets $49,000 Target - U.Today
Bob Loukas, a seasoned trader, shares a bearish outlook on Bitcoin, predicting a drop to $49,000. He dismisses the business cycle and halving effects on prices, identifying ongoing market conditions as a bear cycle. Despite this, Loukas maintains long positions in stocks.
UToday31m ago
ETH short-term increase of 1.52%: USDC large-scale burning and macro hedging sentiment resonate to boost buying interest
2026-03-02 15:30 to 15:45 (UTC), ETH price surged rapidly, with short-term returns reaching +1.52%. The fluctuation range was from 2021.82 to 2062.76 USDT, with an amplitude of 2.02%. This abnormal movement attracted widespread market attention, and volatility increased significantly.
The main driver of this abnormal movement was the recent large-scale USDC Treasury burn event on the Ethereum mainnet. On January 29, 2026, 50 million USDC were burned, leading to a contraction in stablecoin circulation and accelerating the adjustment of the capital structure within the ecosystem. Some on-chain liquidity
GateNews38m ago
BTC 15-minute increase of 1.41%: Geopolitical easing and institutional accumulation resonate to drive the rebound
From 15:30 to 15:45 on March 2, 2026 (UTC), Bitcoin (BTC) experienced a significant rebound in the short term, with a return of +1.41%. The trading range was between 68,433.0 and 69,535.2 USDT, with an amplitude of 1.61%. During the abnormality window, market attention increased significantly, volatility intensified, and short-term capital flow became active.
The main driving force behind this anomaly is the easing of geopolitical tensions combined with a return to risk appetite, leading some funds to re-enter the cryptocurrency sector. At the same time, institutional holdings continued to increase, and spot ETF capital flows...
GateNews38m ago
Chainlink Expands Ecosystem with 16 Integrations Across Six Services and Five Blockchains
Chainlink has expanded to 16 additional integrations this week, covering six services across five blockchains, including Arc, Canton Network, and World Chain.
Technical indicators suggest LINK still needs to clear major resistance before a stronger rally can begin.
Chainlink expanded its
CryptoNewsFlash44m ago
