Bitcoin
briefly climbed above $67,000 late Monday before retreating below $66,000, reflecting a cautious approach from crypto investors despite a rally in traditional markets driven by an Iran peace deal.
According to CoinDesk data, Bitcoin was trading at $65,845 on Tuesday, representing a 0.3% increase over 24 hours and a 4.8% gain for the week, after hitting a daily peak of $67,217. Ether demonstrated stronger resilience, climbing 2.8% to $1,764 on the day and 5.8% over the week. Other major assets also posted gains: Solana rose 3.2% to $73, XRP increased 3.2% to $1.22, and Hyperliquid’s HYPE outperformed the group with a 6.3% jump to $69.
The broader macroeconomic environment improved significantly on Monday following the signing of an electronic memorandum of understanding with Iran by President Donald Trump and Vice President JD Vance. President Trump also announced that the Strait of Hormuz, which is already partially operational, will fully reopen this Friday.
This geopolitical shift triggered a sell-off in energy, with Brent crude falling below $83 a barrel in its steepest decline in over two weeks. Simultaneously, equity markets rallied, with the S&P 500 climbing 1.7% and the Nasdaq 100 gaining 3.1% on Monday.
Despite these favorable developments in traditional finance, Bitcoin has yet to fully mirror the relief-driven momentum seen in other asset classes.
