Leading cryptocurrencies fell alongside stock futures on Sunday evening as investors weighed U.S.-Iran diplomatic efforts to reach a peace agreement.

Crypto Market Lags

Bitcoin spiked to $65,400 late evening, only to sharply retreat below $65,000, while trading volume jumped 11% over the last 24 hours.

Ethereum followed a similar trajectory, rallying to an intraday high of $1,935.53, but failing to push beyond that level. XRP and Dogecoin traded lower.

Senate Majority Leader John Thune filed to advance the CLARITY Act, setting up a key vote for the cryptocurrency legislation when the Senate returns from its August recess in September.