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Bitcoin tops $65,000 as U.S.-Iran tensions ease

Bitcoin was up about 1.2% over 24 hours to $65,392.7, while oil-linked WTI futures fell around 5%.

Reported · Written up by our desk · Market Structure

Crypto markets turned risk-on after the U.S. and Iran paused military strikes for a second straight day, with the development dragging oil lower and lifting digital assets, CoinDesk reported.

Bitcoin traded back above $65,000 at $65,392.72, up about 1.2% over 24 hours, while Ether rose more than 3% to nearly $1,950 and several other top-10 tokens also gained.

The shift came as markets watched macro events, with the next Federal Reserve meeting flagged as a near-term risk. CoinDesk cited a 36.3% probability for a 25-basis-point rate increase.

CoinDesk also pointed to oil pressure, noting Brent crude fell 4.7% to $92.19 and WTI futures gapped lower on Monday to around 5% down near $85, as traders rotated within crypto rather than pushing a broad altcoin rally, with bitcoin dominance at 58.6%.

Latest closeWTI crude $90.47 ▼1.9%|Brent $98.38 ▼2.3%|Bitcoin $65,239.45 ▼0.1%

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