Leading cryptocurrencies moved sideways on Sunday as U.S. strikes on Iran continued into their “ninth consecutive night.”

Crypto Market Coagulates

Bitcoin hovered between $64,000 and the low $65,000 range, even as trading volume surged 12% over the past 24 hours. Ethereum was stuck in the $1,800 zone, while XRP and Dogecoin also moved sideways

Nearly $120 million was liquidated from the cryptocurrency market in the last 24 hours, with bearish short traders bearing the brunt of the losses, according to Coinglass data

Bitcoin’s open interest fell 0.42% over the last 24 hours. That said, retail and whale derivatives traders on Binance remained long on the apex cryptocurrency.

“Fear”…