US and Iran’s 60-Day Peace Plan: Why Is Bitcoin Stuck at the $64,000 Level?

Despite progress made in peace talks between the US and Iran, Bitcoin has failed to accompany the rally in global markets, trending sideways at the $64,000 level.

The cryptocurrency market has made a cautious start to the new week. While global risk appetite is increasing and Asian stock markets gain value led by tech stocks, Bitcoin (BTC) has not captured its expected share of this positive sentiment. The leading cryptocurrency is struggling to hold the $64,000 threshold in an environment where geopolitical tensions are signaling a decrease.

According to current data, Bitcoin (BTC) is trading at around $63,996, losing 0.4% in the last 24 hours and 2.2% over the past week. A mixed outlook prevails in the rest of the market. Solana (SOL) reached the $74 level with a 3.7% weekly increase, while Ethereum (ETH) maintains its sideways trend at $1,733. However, significant losses ranging between 4% and 6.5% are observed in major assets such as BNB, XRP, and Dogecoin (DOGE).

How Are US-Iran Talks Affecting the Markets?

On the macroeconomic side, the agreement between the US and Iran on a 60-day peace plan created optimism among investors. Following this development, the price of Brent crude fell by 1.7% to $79 per barrel. The negotiations, mediated by Qatar and Pakistan, also cover the security of commercial vessels in the Strait of Hormuz. As the battle between bulls and bears continues in financial charts, market actors are closely monitoring whether this diplomatic progress will be permanent.

As Asian markets rose with an AI-focused tech rally, it became a matter of curiosity why cryptocurrencies did not participate in this surge. Bitcoin (BTC) has moved in parallel with risk assets in the past, yet it currently remains in a range below its early June levels. In the coming days, the success of the 60-day roadmap will be one of the most critical factors determining whether cryptocurrencies will enter an upward trend once again.