Leading cryptocurrencies traded sideways, while stocks closed lower on Wednesday as resumption in U.S.-Iran hostilities dampened risk-on appetite Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:15 p.m.

EDT)Bitcoin (CRYPTO: BTC)+0.28%$61,916.15Ethereum (CRYPTO: ETH) -0.48%$1,632.51XRP (CRYPTO: XRP) -2.52%$1.10Solana (CRYPTO: SOL) -1.53%$64Dogecoin (CRYPTO: DOGE) -1.44%$0.08363 Crypto Market Stagnates Bitcoin spiked to an intraday high of $62,788 but faced stiff resistance soon after.

Ethereum meandered in the $1,600 zone, while XRP and Dogecoin traded in the red.

Cryptocurrency-related stocks also fell, with Strategy Inc.

(NASDAQ:MSTR) and Bitmine Immersion Technologies Inc.