Crypto markets remain subdued despite a broader risk-on move fueled by progress in US-Iran peace talks.
Bitcoin traded near $64,000 on Monday, failing to join a rally in Asian equities as US-Iran peace talks advanced. The token hovered at $63,996, down 0.4% over 24 hours and 2.2% for the week, per data tracked by CoinDesk.
While Solana and Tron posted weekly gains of 3.7% and 2.2% respectively, other major cryptocurrencies declined. Ether held steady at $1,733, but BNB fell 4.2%, XRP dropped 4.3% to $1.13, and Dogecoin led losses with a 6.5% weekly decline.
The macro environment improved as Brent crude slid 1.7% to $79 a barrel following a 60-day roadmap agreement between the US and Iran. However, crypto markets remained disconnected from the broader risk-on sentiment.