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Bitcoin, Ethereum Gain; XRP, Dogecoin Dip as Trump Denies Iran Talks: Analyst Says BTC May 'Resume Its Ad

Bitcoin and Ethereum rose while XRP and Dogecoin declined in mixed cryptocurrency trading, according to the Benzinga headline. The move came as Donald Trump denied Iran talks, while an analyst suggested Bitcoin may "resume" a trend,…

Publisher Benzinga 2 min read

Image via Benzinga

12%24-hour trading volume decline

Over $200M24-hour crypto liquidations

0.53%Bitcoin open interest decline

$2.18TGlobal crypto market capitalization

Key Takeaways

Bitcoin and Ethereum posted gains.
XRP and Dogecoin traded lower.
Trump’s denial of Iran talks and an analyst’s Bitcoin outlook were cited in the headline.

Market Context

Total Market Cap$2.30T+0.53%

24H Volume$249.6B

BTC Dominance56.2%

Updated a few seconds ago

Layer Index

Neutral

Layer Index

↓ 1 pts in 24h

Leading cryptocurrencies held steady on Tuesday as investors digested President Donald Trump’s latest remarks on Iran negotiations.

Crypto Market Trade Mixed

Bitcoin approached $65,000 during the early hours of trading, but failed to secure a clear breakout. Trading volume fell 12% over the last 24 hours. Ethereum topped $1,900 and consolidated, while XRP and Dogecoin lagged.

Cryptocurrency-related stocks sold off, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 5.28% and 2.35%, respectively.

Over $200 million was liquidated from the cryptocurrency market in the last 24 hours, predominantly in bullish long positions, according to Coinglass data.

Bitcoin’s open interest fell 0.53% over the last 24 hours. A drop in open interest alongside a price increase typically signals short covering i.e, bearish traders are buying back contracts to exit their positions.

"Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours)

The global cryptocurrency market capitalization stood at $2.18 trillion, representing a modest increase of 0.47% over the last 24 hours.

Stocks Dive on Iran Deadlock

Stocks extended their losses on Tuesday. The Dow Jones Industrial Average fell 116.38 points, or 0.22%, to close at 53,343.40. The S&P 500 slipped 0.69% to close at 7,691.76, while the tech-focused Nasdaq Composite declined 1.33% to settle at 26,289.71.

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Trump said in a Truth Social post that the U.S. is not having any “talks or conversations” with Iran, nor are any scheduled. He said that the naval blockade remains in effect and the Strait of Hormuz is open for traffic.

Will Bitcoin Sink Below $60,000?

On-chain analytics firm CryptoQuant spotlighted Bitcoin’s 30-day average Taker Buy Volume plunging to levels previously observed around the late-2020 reset, the 2022 cycle bottom and the 2023 consolidation.

When Taker Buy Volume falls, it means active buyer demand is fading and aggressive selling or market neutrality is taking over.

“A more credible bottoming signal would require Bitcoin to stabilize while Taker Buy Volume begins to recover,” the firm added. “The current reading therefore points to an advanced reset in market participation, not a confirmed bottom.”

Ali Martinez, a widely followed cryptocurrency analyst and trader, flagged $63,111–$61,849 as Bitcoin’s immediate support zone, where over 2 million BTC last changed hands.

“If it holds, Bitcoin may resume its advance,” Martinez projected. “If it breaks amid rising selling pressure, the next major downside target is near $54,276.”

Photo Courtesy: Marc Bruxelle on Shutterstock.com

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