Bitcoin Holds Steady as Middle East Talks Heat Up

Bitcoin stayed close to $64, 000 over the weekend, recovering some of Friday’s fall as traders watched U. S. and Iranian officials begin ceasefire talks in Switzerland while Iran warned it could close the Strait of Hormuz again. The price hovered around $64, 200 on Sunday, a slight rise of 0. 9% over the last day but flat for the week, according to CoinDesk data after dipping below $63, 000 on Friday. Other major cryptocurrencies moved in the same direction. Ether edged up 0. 5% that day and climbed 3. 3% over the week to $1, 734. Solana gained 1. 5% to $73, and Tron added 1. 2%. Hyperliquid’s HYPE fell 2% on the day yet still led the week’s gains at 14. 8%. Dogecoin, by contrast, fell 4. 9% over the week. Bitcoin’s weekly performance has been mixed: it rallied early after a U. S. –Iran deal was signed, sold off during Friday’s risk‑off move, and then steadied over the weekend.The focus this weekend was Switzerland, where U. S. Vice President J. D. Vance and Iranian officials are set to open talks on a permanent ceasefire, following a memorandum of understanding signed by former President Trump last week that allows for a 60‑day window with potential extensions. Meanwhile, Iran has issued a new order threatening to shut the Strait of Hormuz again, which could reverse last week’s oil price drop and lift risk assets. The market remains in a state of uncertainty, as the potential closure of the strait could push oil higher and lift bitcoin, while a lasting ceasefire might remove lingering risk. Crypto has largely stayed range‑bound this month, waiting for events outside its control.