Bitcoin briefly traded above $67,000 late Monday before falling back below $66,000 in a move that is a sign of how cautious crypto is treating the Iran peace deal that has rallied other markets.
The token changed hands at $65,845 on Tuesday, up 0.3% over 24 hours and 4.8% on the week, per CoinDesk data. It hit a 24-hour high of $67,217 before disappearing. Ether held up better, rising 2.8% on the day to $1,764 and 5.8% on the week. Solana rose 3.2% to $73, XRP added 3.2% to $1.22 and Hyperliquid’s HYPE again led the majors, up 6.3% to $69.
The macro backdrop became significantly friendlier on Monday. President Donald Trump and Vice President JD Vance signed an electronic copy of a memorandum of understanding with Iran, and Trump said the Strait of Hormuz, already partially open, will fully reopen on Friday.
Brent oil fell below $83 a barrel. barrel after the biggest drop in more than two weeks. The S&P 500 gained 1.7% on Monday and the Nasdaq 100 rose 3.1%.
Still, bitcoin has not moved as an asset that prices in relief.
