Bitcoin holds near $64,000 as a renewed Hormuz threat clouds US-Iran ceasefire talks
CoinDesk·
60-second summary
Bitcoin is holding near $64,000 as geopolitical tensions rise with a renewed threat to the Strait of Hormuz. A permanent ceasefire talks opening in Switzerland had briefly boosted sentiment, but Iran's order to close the strategic waterway again has revived concerns about regional instability and its potential impact on global markets and commodity prices.
Crypto firmed over the weekend after Friday's sell-off, with bitcoin recovering toward $64,000. Permanent ceasefire talks open in Switzerland, but Iran's order to close the Strait of Hormuz again revives the risk the deal was meant to settle.