Bitcoin Gains, Ethereum, XRP, Dogecoin Slide as US-Iran Standoff Continues: Analyst Says BTC 'Ready for a

Leading cryptocurrencies fell alongside stock futures on Sunday evening as investors weighed U.S.-Iran diplomatic efforts to reach a peace agreement.

Crypto Market Lags

Bitcoin spiked to $65,400 late evening, only to sharply retreat below $65,000, while trading volume jumped 11% over the last 24 hours.

Ethereum followed a similar trajectory, rallying to an intraday high of $1,935.53, but failing to push beyond that level. XRP and Dogecoin traded lower.

Senate Majority Leader John Thune filed to advance the CLARITY Act, setting up a key vote for the cryptocurrency legislation when the Senate returns from its August recess in September.

Over $160 million was liquidated from the cryptocurrency market in the last 24 hours, with $113 million in bearish short positions erased, according to Coinglass data

Bitcoin’s open interest rose 0.53% over the last 24 hours. Meanwhile, retail and whale derivatives traders on Binance remained net long on the apex cryptocurrency

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

Top Gainers (24 Hours) 

The global cryptocurrency market capitalization stood at $2.21 trillion, following a 0.10% dip over the last 24 hours.

Stocks Futures Slip