Bitcoin holds near $64,000 as a renewed Hormuz threat clouds US-Iran ceasefire talks
Crypto firmed over the weekend after Friday’s sell-off, with bitcoin recovering toward $64,000. Permanent ceasefire talks open in Switzerland, but Iran’s order to close the Strait of Hormuz again revives the risk the deal was meant to settle.
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Summary
- Bitcoin hovered around $64,200 over the weekend, recovering part of Friday’s slide but leaving prices roughly unchanged for the week.
- Major cryptocurrencies mostly firmed, with ether, solana and tron posting weekly gains while dogecoin lagged and Hyperliquid’s HYPE remained the standout performer.
- Markets are focused on US-Iran ceasefire talks in Switzerland and Iran’s renewed threat to close the Strait of Hormuz, developments that could swing oil prices and broader risk assets, including bitcoin.
