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

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.