Bitcoin Holds $64,000 as Dollar Strength and Iran Tensions Loom

Bitcoin treads water at $64,000 to start the week as traders weigh a mix of macro and geopolitical drivers. The US dollar’s rebound and sustained oil-price moves are front of mind, while on‑chain data show differing behavior between short-term sellers and long-term holders.

The US dollar index (DXY) has climbed back above 100 to its highest levels in over a year, and DXY’s typical inverse relationship with crypto poses a headwind for further upside. Market commentators noted the index is testing key moving averages and warned that if it holds above 100 or breaks toward the upper range near 106, pressure on risk assets would increase.

Inflation remains central this week, with the May Personal Consumption Expenditures (PCE) print due Thursday amid renewed strain on the US‑Iran peace process.

United States

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