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Bitcoin steadies near $64,000
Bitcoin steadied near $64,000 as US-Iran ceasefire talks and tensions around the Strait of Hormuz kept traders cautious, with Pluang saying Bitcoin was around $64,143 and Ethereum near $1,730.
Pluang reported that Bitcoin recovered above $64,000 over the weekend after a drop below $62,400 on Friday, while the broader crypto market showed limited momentum.
CoinDesk said bitcoin recovered toward $64,000 after Friday’s sell-off, with “Permanent ceasefire talks open in Switzerland” even as Iran’s order to close the Strait of Hormuz revived the risk the deal was meant to settle.
CoinDesk also tied the weekend’s focus to Switzerland, where US and Iranian officials including Vice President JD Vance were due to open talks on a permanent ceasefire, per Bloomberg.
Hormuz risk drives volatility
CoinDesk framed the market backdrop as less settled than the signed Iran deal suggested, saying Iran issued a renewed order to close the Strait of Hormuz and that reopening under the deal pulled oil prices down about 9% last week.
CoinDesk said that while a durable ceasefire would clear the overhang, “a genuine closure of Hormuz would push oil back up and likely drag risk assets including bitcoin with it.”
Crypto Briefing reported that Israel and Hezbollah agreed to a ceasefire in Lebanon effective June 19, 2026, and said Bitcoin dropped roughly 3% during the escalation before stabilizing as the truce took hold.
Crypto Briefing added that the agreement arrived as broader US-Iran negotiations aimed at a regional peace framework were postponed as fighting intensified, leaving crypto markets whipsawed by geopolitical risk.
Dollar signals and price levels
صحيفة الخليج said the dollar steadied on Friday near its six-week high amid mixed signals about efforts to reach a deal between the United States and Iran, while investors clung to hopes of making some progress.
صحيفة الخليج reported that U.S. Secretary of State Marco Rubio said there were “some positive signs” in the talks, even as Washington and Tehran stood firm on opposing positions regarding Iran's uranium stockpile and control of the Strait of Hormuz.
In the same report, cryptocurrencies were quoted with Bitcoin at $77,698.45 on Wednesday morning, Ether at $2,134.59, Solana at $87, and Ripple at $1.37.
The article also said Tony Secamour at IG warned, “I still feel there are risks of a stronger dollar,” linking the outlook to the Middle East crisis and the possibility that the United States takes a more hawkish stance.
