Bitcoin Gains, Ethereum, XRP, Dogecoin Slide as US-Iran Standoff Continues: Analyst Says BTC 'Ready for a Breakout' to $73,000

Leading cryptocurrencies fell alongside stock futures on Sunday evening as investors weighed U.S.-Iran diplomatic efforts to reach a peace agreement.Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:22 p.m. EDT)Bitcoin +0.10%$64,979.73Ethereum -0.10%$1,914.85XRP -0.52%$1.03Solana +1.17%$76.72Dogecoin -0.70%$0.06974Crypto Market LagsBitcoin 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 dataBitcoin’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)Cryptocurrency (Market Cap>$100 M)Gains +/-Price (Recorded at 9:22 p.m. EDT)Tutorial (TUT) +60.36% $0.1908Ribbita by Virtuals (TIBBIR) +19.08% $0.1188Pump.fun (PUMP) +13.86% $0.002759The global cryptocurrency market capitalization stood at $2.21 trillion, following a 0.10% dip over the last 24 hours. Read Also: Crypto Billionaire Changpeng Zhao Reveals the Exact Dollar Amount for 'Financial Freedom' — and Says Chasing More Won't Make You Happier Stocks Futures SlipStock 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 LevelMichaël 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. is ready for a breakout to atleast $73,700.To me, there's one critical level to break.That's the weekly level at $65,800.When I'm looking at the charts, I don't think we'll test lower as the arguments are simply not there.➡️ The MACD of multiple look… 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.If $57K is truly the final cycle floor, Bitcoin does not need another explosive cycle multiple to trade well above $200K.The previous bottom-to-top move produced approximately an 8.08x return.My cycle projection assumes the next cycle retains only 40-50% of the previous… Read Also: Michael Saylor Predicts Bitcoin Will Gain 30% Annually for 20 Years Photo: KateStock / Shutterstock