Leading cryptocurrencies took a U-turn on Monday, while stocks closed at new records, as the White House confirmed that President Donald Trump discussed Iran’s new proposal to end the war.

Crypto Market Corrects

Bitcoin pulled back sharply after Sunday’s spike, facing intense selling pressure as 24-hour trading volumes surged 44%.

Ethereum fell to an intraday low of $2,267 after breaking $2,400 the day before. Dogecoin and XRP also retreated.

Over $330 million was liquidated in the past 24 hours, predominantly in bullish long positions, according to Coinglass data.

Open interest in Bitcoin futures fell 1.03% over the last 24 hours. Sentiment among Binance derivatives traders remained…

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