Leading cryptocurrencies fell sharply on Wednesday, while stocks rallied to record highs with no breakthrough in sight for a U.S.-Iran deal.

Crypto Market Slides

Bitcoin tumbled, coming close to sinking below $74,000, while Ethereum battled bears to defend the key $2,000 support. Selling pressure intensified for XRP and Dogecoin as well.

Over $450 million was liquidated from the cryptocurrency market in the past 24 hours, with $400 million in long position erased, according to Coinglass data.

Bitcoin’s open interest fell 0.89% over the last 24 hours. Meanwhile, both retail and whale derivatives traders turned bullish, aggressively building long positions in the leading cryptocurrency

“Extreme…

Read more on Benzinga