Bitcoin steadied near $64,200 on Sunday, recouping part of Friday’s slide as investors weighed the start of U.S.–Iran cease‑fire talks against Iran’s renewed threat to shut the Strait of Hormuz.
Price Action Across Major Cryptocurrencies
CoinDesk data show Bitcoin rose 0.9 % in the last 24 hours while remaining essentially flat for the week. Ether traded at $1,734, gaining 0.5 % daily and 3.3 % over the week, and Solana climbed to $73 with a 1.5 % rise. Tron added 1.2 % and Hyperliquid’s HYPE token slipped 2 % on the day but still leads the weekly chart with a 14.8 % gain, whereas Dogecoin posted the weakest performance, down 4.9 % in seven days.
Geopolitical Factors Influencing the Market
Swiss officials will host U.S. and Iranian representatives, including Vice President JD Vance, to discuss a permanent cease‑fire, according to Bloomberg. The talks follow a memorandum of understanding signed by President Donald Trump last week, which initiates a 60‑day window that could be extended. Simultaneously, Iran has issued a fresh order to close the Strait of Hormuz, a move that could reverse the recent 9 % drop in oil prices and re‑ignite risk‑off sentiment among crypto investors.