Bitcoin Holds Steady as Middle East Talks Heat Up

Bitcoin hovered close to $64,000 over the weekend, recovering some of Friday’s dip as traders monitored U.S. and Iranian officials beginning ceasefire talks in Switzerland, while Iran warned it could close the Strait of Hormuz again.

• Price Action
• Sunday: ~$64,200 (up 0.9% from Friday)

• Week: Flat after a drop below $63,000 on Friday

• Other Cryptocurrencies
• Ether: +0.5% today, +3.3% weekly → $1,734
• Solana: +1.5% today → $73
• Tron: +1.2% today
• Hyperliquid (HYPE): Down 2% today, but up 14.8% weekly
• Dogecoin: Down 4.9% weekly

Bitcoin’s week has been mixed: an early rally after a U.S.–Iran deal, a Friday risk‑off sell‑off, and then stabilization over the weekend.

Geopolitical Drivers

• Switzerland Talks – U.S. Vice President J.D. Vance and Iranian officials are set to open talks on a permanent ceasefire, following a memorandum of understanding signed by former President Trump that allows for a 60‑day window with potential extensions.
• Strait of Hormuz Threat – Iran has issued a new order threatening to shut the Strait again, which could reverse last week’s oil price drop and lift risk assets.

The market remains uncertain. A potential strait closure could push oil higher and lift Bitcoin, while a lasting ceasefire might remove lingering risk. Crypto has largely stayed range‑bound this month, awaiting events beyond its control.