Bitcoin stabilized near $64,000 over the weekend, recovering some of Friday’s decline, as traders weighed the start of ceasefire talks between the United States and Iran against a new threat to close the Strait of Hormuz.
The token traded around $64,200 on Sunday, up 0.9% in 24 hours but roughly stable over the week, according to data from CoinDesk, after falling below $63,000 on Friday. Most large companies consolidated along with him.
Ether rose 0.5% on the day and 3.3% on the week to $1,734, solana gained 1.5% to $73 and tron added 1.2%. Hyperliquid’s HYPE fell 2% on the day, but remains the week’s top performer, up 14.8%. Dogecoin was the weakest major, down 4.9% in seven days.
Bitcoin has gone nowhere on a net basis this week, recovering early after the Iran deal, selling off on Friday in a broad risk-off move and stabilizing over the weekend.
The focus of the weekend is Switzerland, where US and Iranian officials, including Vice President JD Vance, will begin talks on a permanent ceasefire, according to Bloomberg.
The negotiations follow a memorandum of understanding signed by President Donald Trump last week, which establishes a 60-day window that can be extended.
