Leading cryptocurrencies slid alongside stock futures on Sunday evening after the peace talks between the U.S. and Iran collapsed.

Crypto Market Bleeds

Bitcoin slid below $71,000, accompanied by a 33% jump in 24-hour trading volume. Ethereum also encountered selling pressure, sliding below $2,200, while XRP and Dogecoin traded in the red.

Over $280 million was liquidated in the past 24 hours, predominantly bullish long positions,  according to Coinglass data.

Open interest in Bitcoin futures fell 5.76% in the last 24 hours. However, retail and whale derivatives traders on Binance continued to be long BTC as of this writing.

“Extreme Fear” sentiment dominated the market, according to the…

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