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

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

Stocks Futures Slip

Stock futures ticked lower overnight on Sunday. The Dow Jones Industrial Average Futures fell 86 points, or 0.16%, as of 9:06 p.m. EDT.  Futures tied to the S&P 500 dipped 0.07%, while Nasdaq 100 Futures lost 0.05%.

Iran said a deal on the Strait of Hormuz was in its “final stages,” but Tehran reiterated that the critical shipping would not reopen unless the U.S. honors the June interim deal.

President Donald Trump said earlier on Sunday that the U.S. is “only semi-negotiating” with Iran.

BTC’s Critical Level

Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, identified $65,800 as a “critical level,” a breakout above which could spark a “volatile move” upward, targeting $73,700 initially and $82,900 as a higher objective.

Ardi, another chartist and cryptocurrency trader, projected Bitcoin’s next cycle peak between $184,000 and $230,000, if $57,000 holds as the cycle floor

“If Bitcoin’s diminishing-return structure remains intact, this is where the next bull market would most logically reach its peak,” the trader added.

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