Bitcoin stayed under $66,000 on Monday even as global markets rallied after the United States and Iran signed a new memorandum of understanding. The digital asset’s price hovered just below the $66,000 threshold, keeping it out of the broader gains seen in other risk assets.
Geopolitical Development
The United States and Iran reached a memorandum of understanding over the weekend, aiming to de‑escalate tensions and reopen the Strait of Hormuz. The pact initiates a 60‑day dialogue covering sanctions relief, nuclear matters, and access to frozen Iranian assets. Analysts view the agreement as a step toward reducing one of the most immediate geopolitical threats to energy markets.
Market Reaction
Equity futures surged, with the S&P 500 climbing more than