bitcoin briefly traded above $67,000 on Monday night before falling back below $66,000 in a move that is indicative of how cautiously cryptocurrencies are treating the Iran peace deal that has buoyed other markets.
The token changed hands at $65,845 on Tuesday, up 0.3% over 24 hours and 4.8% over the week, according to data from CoinDesk. It hit a 24-hour high of $67,217 before fading. Ether held up better, rising 2.8% on the day to $1,764 and 5.8% on the week. Solana gained 3.2% to $73, XRP added 3.2% to $1.22 and Hyperliquid HYPE again led the top stocks, up 6.3% to $69.
The macroeconomic backdrop became markedly more favorable on Monday. President Donald Trump and Vice President JD Vance signed an electronic copy of a memorandum of understanding with Iran, and Trump said the Strait of Hormuz, already partially open, will fully reopen on Friday.
Brent crude fell below $83 a barrel after its biggest drop in more than two weeks. The S&P 500 added 1.7% on Monday and the Nasdaq 100 rose 3.1%.
However, bitcoin has not moved as a pricing asset in relief.
