BTC rises 3% to $66,000 as risk assets gain on geopolitical easing and potential Fed policy shifts.
Bitcoin climbed more than 3% to trade above $66,000, mirroring broader market gains. The rally followed President Trump’s announcement of a ceasefire deal with Iran, easing geopolitical tensions and boosting risk appetite.
Cryptocurrencies also benefited from expectations that the Federal Reserve may overlook recent inflation data if oil flows through the Strait of Hormuz stabilize. Bitcoin had dipped to $60,000 earlier this month amid weak ETF inflows and concerns over MicroStrategy’s partial BTC sales.
Analysts remain cautious, noting resistance at $70,000 and $74,000 as key levels for sustained momentum. Without a decisive breakout, some warn the recovery could be short-lived.