Leading cryptocurrencies stagnated on Sunday as investors weighed ongoing U.S.-Iran negotiations alongside a series of anticipated macroeconomic data.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:24 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.30% | $84,057.20 |
| Ethereum (CRYPTO: ETH) | -0.70% | $2,672.82 |
| XRP (CRYPTO: XRP) | -0.10% | $1.52 |
| Solana (CRYPTO: SOL) | +1.00% | $122 |
| Dogecoin (CRYPTO: DOGE) | +0.70% | $0.09675 |
Crypto Rally Halts
Bitcoin slipped below $84,000 Sunday evening after briefly topping $85,000 earlier in the day. Ethereum wobbled between $2,667 and $2,720, while Dogecoin inched higher.
Over $190 million was liquidated from the cryptocurrency market in the last 24 hours, split nearly evenly between long and short positions, according to Coinglass data.
Bitcoin’s open interest fell 0.50% over the last 24 hours and more than 11% over the past week. Binance whale derivatives traders flipped “Bullish” on BTC, while the retail crowd remained “Neutral.”
“Greed” sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at 9:24 p.m. EDT) |
| Quant (QNT) | +36.20% | $251.28 |
| Bitway (BTW) | +20.80% | $1.22 |
| Pump.fun (PUMP) | +17.20% | $0.005126 |
The global cryptocurrency market capitalization stood at $2.97 trillion, down 0.60% over the last 24 hours.
Stock Futures Slide
Stock futures ticked lower late Sunday. The Dow Jones Industrial Average Futures fell 152 points, or 0.30%, as of 8:49 p.m. EDT. S&P 500 futures slid 0.21%, while Nasdaq 100 Futures dropped 0.19%.
President Donald Trump said he had rejected an Iranian proposal to reopen the Strait of Hormuz and end fighting, but hopes the two sides will reach an agreement before or after the midterms.
A busy week of key economic data lies ahead, with the August personal consumption expenditure price index due on Wednesday and the September jobs report on Friday.
What Lies Ahead for Bitcoin?
Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, identified $84,800 as the key resistance Bitcoin must break to resume its upward grind.
“If that breaks, I think that we’ll see a continuation towards the $90,000 levels,” Van De Poppe added.
Chartered Market Technician Aksel Kibar noted that Bitcoin’s weekly candle near $84,000-$85,000 “does not look like a decisive breakout.”
“Hesitant price action here can result in price returning inside the range,” the analyst added.
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