Bitcoin holds near $64,000 as US-Iran talks progress but crypto sits out the rally
Key takeaways
- The token traded around $63,996 on Monday, down 0.4% over 24 hours and 2.2% on the week, per CoinDesk data.
- The macro backdrop turned friendlier without pulling crypto along.
- An MSCI gauge of Asian stocks rose 0.6%, led by a technology rally tied to continued optimism over artificial intelligence, while US futures were softer, with S&P 500 contracts down 0.5%.
The token traded around $63,996 on Monday, down 0.4% over 24 hours and 2.2% on the week, per CoinDesk data. The rest of the market was mixed. Solana rose 3.7% on the week to $74 and tron added 2.2%, while ether held roughly flat at $1,733. The losses ran deeper down the board, with BNB off 4.2% on the week, XRP down 4.3% to $1.13 and dogecoin the weakest major, off 6.5%. Hyperliquid's HYPE, the standout of early June, fell 5% on the day and has cooled to a 1.9% weekly gain.
The macro backdrop turned friendlier without pulling crypto along. The US and Iran agreed on a roadmap toward a final peace deal within 60 days, and Brent crude slid 1.7% to about $79 a barrel.
An MSCI gauge of Asian stocks rose 0.6%, led by a technology rally tied to continued optimism over artificial intelligence, while US futures were softer, with S&P 500 contracts down 0.5%.