Bitcoin slips under $67,000 as traders await Iran signing and Fed

Bitcoin briefly traded above $67,000 late Monday before slipping back under $66,000. It changed hands at $65,845 on Tuesday, up 0.3% over 24 hours and 4.8% on the week, after touching a 24-hour high of $67,217. Ether held up better, rising 2.8% to $1,764 and 5.8% on the week; Solana gained 3.2% to $73, XRP added 3.2% to $1.22, and Hyperliquid's HYPE led the majors, up 6.3% to $69.

The macro backdrop turned sharply friendlier on Monday. President Donald Trump and Vice President JD Vance signed an electronic memorandum of understanding with Iran, and Trump said the Strait of Hormuz, already partially open, will fully reopen on Friday. Brent crude slipped below $83 a barrel after its biggest drop in more than two weeks, while the S&P 500 rose 1.7% and the Nasdaq 100 climbed 3.1%.

Yet bitcoin has not moved like an asset pricing in relief: "Oil dropped more than 4% and Asian equities jumped more than 3% on the ceasefire, but BTC barely budged," Jimmy Xue, co‑founder and COO of Axis, said in an email.

Iran, Strait of Hormuz

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