Bitcoin slips back under $66,000 after brief $67,000 touch as crypto markets cautiously eye Iran peace deal
By
Shaurya Malwa
7h ago· 4 min readenNews
75/100
Toasty
Bagelometer↗
Crusty in the right places. Worth the chew.
Score75TypenewsSentimentneutral
Summary
Bitcoin briefly touched $67,000 before slipping back under $66,000 as the crypto market reacts cautiously to a U.S.-Iran peace deal that has boosted other markets. BTC traded at $65,845, up 0.3% on the day and 4.8% on the week. Ether rose 2.8% to $1,764, Solana gained 3.2% to $73, and Hyperliquid's HYPE led majors with a 6.3% gain. ETF outflows have paused after a record run, and analysts suggest the market wants the deal signed before fully pricing it in. The macro backdrop shifted as oil prices fell and stocks rose on the deal news.
Key quotes
· 3 pulledBitcoin briefly traded above $67,000 late Monday before slipping back under $66,000 in a move that is indicative of how cautiously crypto is treating the Iran peace deal that has rallied other markets.
Ether held up better, rising 2.8% on the day to $1,764 and 5.8% on the week.
Hyperliquid's HYPE led the majors again, up 6.3% to $69.
A U.S.-Iran deal pulled oil lower and lifted stocks, but bitcoin's bounce is hesitant. ETF outflows just paused after a record run, and analysts say the market wants the deal signed before pricing it in.
