Bitcoin Holds Near $65K as Iran-US Truce Boosts Risk Assets, Oil Slides

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Bitcoin remained steady around $65,000 as a pause in hostilities between the United States and Iran eased geopolitical tensions in global markets. The ceasefire reduced fears over disruptions to the Strait of Hormuz, sending Brent crude prices sharply lower by around 7%. The drop in oil prices boosted investor appetite for riskier assets, lifting equity markets and decentralized finance tokens. Crypto markets broadly stabilized amid the improved sentiment. Traders are now closely watching an upcoming Federal Reserve decision due Wednesday, which could further influence market direction.

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