Bitcoin back under $67,000 as traders warn of Trump reversal
Bitcoin briefly traded above $67,000 late Monday before slipping back under $66,000 in a move that is indicative of how cautiously crypto is treating the Iran peace deal that has rallied other markets.
The token changed hands at $65,845 on Tuesday, up 0.3% over 24 hours and 4.8% on the week, per CoinDesk data. It touched 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’s HYPE led the majors again, up 6.3% to $69.
The macro backdrop turned sharply friendlier 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 slipped 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%.
Yet bitcoin has not moved like an asset pricing in relief.
