Bitcoin briefly surpassed $67,000 on Monday before slipping back under $66,000, a movement that mirrors investors’ guarded stance on the emerging Iran peace negotiations.
Price Movements
According to CoinDesk, Bitcoin closed Tuesday at $65,845, marking a 0.3% rise over the previous 24 hours and a 4.8% gain for the week. The cryptocurrency touched a 24‑hour peak of $67,217 before the upward momentum faded.
Ether outperformed its larger counterpart, climbing to $1,764—a 2.8% increase for the day and a 5.8% weekly rise. Meanwhile, Solana advanced to $73, XRP edged up to $1.22, and Hyperliquid’s HYPE token surged to $69, reflecting a 6.3% jump.
Spot bitcoin ETFs have just emerged from a four‑week stretch of pronounced outflows, indicating that institutional appetite remains restrained even as crypto assets quietly shift from exchanges to cold storage.
Broader Market Context
President Donald Trump and Vice President JD Vance signed an electronic memorandum of understanding with Iran, and Trump announced that the Strait of Hormuz, already partially open, will be fully operational by Friday. This diplomatic development helped ease geopolitical risk, though investors remain watchful.
Brent crude fell below $83 per barrel after its largest decline in over two weeks, while the S&P 500 posted a 1.7% gain on Monday. The Nasdaq 100 also recorded an uptick, reinforcing the notion that broader equities are reacting more positively than the crypto market at present.