Leading cryptocurrencies edged higher on Sunday as investors weighed President Donald Trump’s remarks about a potential Iran peace agreement.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:10 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.56% | $63,197.96 |
|
Ethereum (CRYPTO: ETH) |
+1.12% | $1,870.96 |
| XRP (CRYPTO: XRP) | +1.40% | $1.07 |
| Solana (CRYPTO: SOL) | +1.22% | $73.08 |
| Dogecoin (CRYPTO: DOGE) | +1.08% | $0.07011 |
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)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:10 p.m. EDT) |
| Ethena (ENA) | +10.92% | $0.08882 |
| Humanity (H) | +10.49% | $0.07609 |
| MemeCore (M) | +8.78% | $1.20 |
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 spiked 0.42%, while Nasdaq 100 Futures rallied 0.65%.
The upsurge came after Trump canceled planned strikes on Iran 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.
The lowest sentiment I've ever seen on #Bitcoin and positions are the most net negative on #Bitcoin this cycle too.
— Michaël van de Poppe (@CryptoMichNL) August 2, 2026
That means: if the breakout above $67,000-68,000 does happen, I'd assume we're going to see a strong and vital move as most positions will be squeezed out (shorts)… https://t.co/FpQnbhc1O1
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.
🚨 BREAKING: Bitcoin just recorded its lowest positive-to-negative commentary ratio across X, Reddit, Telegram, and other platforms since Santiment’s modern social tracking began. The Coldcard firmware exploit has shaken traders because it hits self-custody, the place many… pic.twitter.com/TL0SwA8YQy
— Santiment Intelligence (@SantimentData) August 1, 2026
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