business
Bitcoin dips to $59,700 as Iran de-escalation lifts stocks but not crypto
Key takeaways
- Bitcoin traded near $59,700, down 0.3% on the day and 6.8% on the week, as a de-escalation in the U.S.-Iran conflict lifted equity futures but left digital assets unmoved, per Coin Desk data.
- Ether edged up 0.3% to $1,572, Solana added 1.5%, while XRP and dogecoin continued to slide.
- Axios reported Sunday that the U.S. and Iran agreed to fully halt strikes and meet this week in Qatar to resume talks over the Strait of Hormuz and a broader end to the conflict.
Bitcoin traded near $59,700, down 0.3% on the day and 6.8% on the week, as a de-escalation in the U.S.-Iran conflict lifted equity futures but left digital assets unmoved, per Coin Desk data.
Ether edged up 0.3% to $1,572, Solana added 1.5%, while XRP and dogecoin continued to slide.
Axios reported Sunday that the U.S. and Iran agreed to fully halt strikes and meet this week in Qatar to resume talks over the Strait of Hormuz and a broader end to the conflict. S&P 500 and Nasdaq 100 futures gained 0.5% as of Monday, but crypto did not follow.
Article preview — originally published by CoinDesk. Full story at the source.
Read full story on CoinDesk →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from CoinDesk alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop