Bitcoin Drops to $66K as Stocks Rally on US‑Iran Peace Hopes

Bitcoin slipped back to $66,000 after Tuesday's Wall Street open, even as equities advanced. Hopes of a US‑Iran peace deal kept stocks buoyant, with the S&P 500 adding over 1.5% while US WTI crude fell to three‑month lows. Mosaic Asset Company said the drop in oil and longer‑dated yields acted as a tailwind for equities.

Bitcoin nonetheless diverged from other risk assets, and traders shied away from large BTC upside bets. Daan Crypto Trades noted the move back into the middle of its range and suggested the market could linger there for weeks, while XTrader Roman still eyed the $70,000 area as a likely local top.

Some analysts questioned $60,000 as long‑term support, calling the bear market too young to be over. Trader Killa called it "Just another classic market psyop," pointing to order‑book liquidity, and CoinGlass data showed $230 million in 24‑hour crypto short liquidations. Lennaert Snyder said price was headed into a "high‑time frame sell zone," targeting $68,000.

United States

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