Bitcoin Holds Near $64,000 as US-Iran Talks Progress but Crypto Lags Equities
Bitcoin drifted near $64,000 on Monday, failing to join a rally in Asian equities despite progress in US-Iran peace talks, with most major altcoins posting weekly losses.
Bitcoin held near $64,000 on Monday, trading at $63,996, down 0.4% in 24 hours and 2.2% on the week, as the token sat out a rally in Asian equities driven by progress in US-Iran peace talks.
The macro backdrop turned friendlier without pulling crypto along. While the US and Iran moved closer to a lasting peace deal, boosting risk appetite in traditional markets, Bitcoin and most major altcoins failed to benefit. Solana rose 3.7% on the week to $74, and Tron added 2.2%, but Ether stayed flat at $1,733. Losses were deeper among other majors: BNB fell 4.2%, XRP dropped 4.3% to $1.13, and Dogecoin was the weakest, down 6.5%. Hyperliquid's HYPE, a standout in early June, fell 5% on the day and now shows only a 1.9% weekly gain.
For crypto traders, this divergence highlights that geopolitical risk-on flows are not automatically channeling into digital assets. The lack of correlation with equities suggests that crypto-specific factors — such as on-chain whale concentration, exchange reserve drawdowns, and the 4-year halving cycle — remain the dominant drivers. Traders can monitor these moves in real time on NowPrice's live crypto dashboard to track whether Bitcoin can reclaim momentum or if altcoins continue to underperform.
Looking ahead, the market will watch for further developments in US-Iran negotiations and any shift in Federal Reserve policy signals. Key data releases this week include US durable goods orders and the PCE price index, which could influence the dollar and risk sentiment. A break above $65,000 could reignite bullish momentum, while a drop below $63,000 may trigger further selling.