S&P 500 · Bitcoin · Iran · CoinDesk
Bitcoin holds near $64,000 as US-Iran talks progress but crypto sits out the rally
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Bitcoin started the week drifting near $64,000, sitting out a rally in Asian equities as the US and Iran moved closer to a lasting peace deal.
Key facts
- Solana rose 3.7% on the week to $74 and tron added 2.2%, while ether held roughly flat at $1,733
- In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024
- 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%
- The token traded around $63,996 on Monday, down 0.4% over 24 hours and 2.2% on the week, per CoinDesk data
Summary
Bitcoin hovered around $64,000 to start the week, lagging a rally in Asian equities despite a friendlier macro backdrop. Other major cryptocurrencies were mixed, with Solana and tron posting weekly gains while BNB, XRP and dogecoin declined. Progress toward a 60-day US-Iran peace roadmap lifted Asian stocks and eased oil prices, but bitcoin has yet to reconnect with the broader risk-on mood. The token traded around $63,996 on Monday, down 0.4% over 24 hours and 2.2% on the week, per CoinDesk data. 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%.