Bitcoin retreats from $64,400 peak despite remaining 6% higher on the week

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Bitcoin briefly touched $64,400 overnight before pulling back, though it remains approximately 6% higher over the past week. The retreat came despite Strategy completing a $213 million Bitcoin purchase. Geopolitical tensions rose after a missile strike hit a Qatari gas vessel in the Strait of Hormuz, pushing oil prices higher. The incident raised doubts about the durability of a late-June peace agreement in the region. Asian technology stocks also sold off amid the broader market uncertainty.

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