Bitcoin, Ethereum, XRP, Dogecoin Gain After Trump Holds Off Iran Strikes: Analyst Sees 'Strong and Vital Move' by BTC if This Happens

Leading cryptocurrencies edged higher on Sunday as investors weighed President Donald Trump’s remarks about a potential Iran peace agreement.

Crypto Market Consolidates

Bitcoin wobbled within a range of $62,890 to $63,700, with trading volume surging 19% over the 24-hour period. Ethereum also remained stuck within $1,800, while XRP and Dogecoin traded in the green.

Nearly $150 million was liquidated from the cryptocurrency market in the last 24 hours, predominantly in bearish short positions, according to Coinglass data.

Bitcoin’s open interest rose 0.31% over the last 24 hours. Retail and whale derivatives traders remained net long on $BTC, but trimmed their exposure from the day before.

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

Top Gainers (24 Hours)

The global cryptocurrency market capitalization stood at $2.17 trillion, following an increase of 0.82% over the last 24 hours.

Stock Futures Lift on Peace Hopes

Stock futures climbed overnight on Sunday. The Dow Jones Industrial Average Futures rose 205 points, or 0.39%, as of 8:41 p.m. EDT. Futures tied to the S&P 500 spiked0.42%, while Nasdaq 100 Futures rallied 0.65%.

The upsurge came after Trump after being “asked” by Tehran and other Middle East nations to “hold off” to allow a deal to be reached.

$BTC’s ‘Strong and Vital Move’ Incoming?

Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, noted record-low Bitcoin sentiment and high net negative positioning in the current cycle

He predicted that a sustained breakout above the $67,000-$68,000 resistance would trigger a “strong and vital move” due to liquidations, “accelerating” the move upward.

On-chain analytics firm Santiment also spotlighted Bitcoin’s lowest positive-to-negative commentary on major social platforms, with just 0.58 bullish comments for every 1 bearish comment.

“This panic reading is larger than the peak war fears earlier this year, as well as the other aforementioned events from crypto’s past,” Santiment added.

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