Bitcoin holds near $64,000 as US-Iran talks progress but crypto sits out the rally

CoinDesk·

Bitcoin holds near $64,000 as US-Iran talks progress but crypto sits out the rally

60-second summary

Bitcoin remains near $64,000 as the US and Iran's negotiations progress, but crypto markets largely ignore the rally in stocks and tech, which surged as oil prices dropped below $80. Crypto stays soft, with bitcoin down 2% on the week and memecoins leading the losses, highlighting a disconnect between traditional markets and the crypto space. The lack of correlation persists.

sian stocks and tech climbed as the US and Iran agreed a roadmap to a final peace deal, sending oil below $80. Crypto stayed soft, with bitcoin down 2% on the week and the memecoins leading the losses.