Bitcoin hits $64K as gold gains while oil shakes off Trump Oman threat
Bitcoin rebounded to around $64,000 after Monday’s Wall Street open, rising more than 2% as US equities slipped and investors rotated toward safe havens. Tensions around the US-Iran ceasefire and the Strait of Hormuz supported risk-off sentiment, while gold jumped more than 1% and hit new highs. Oil was little changed. Crypto market data showed relatively muted liquidations despite the BTC bounce, with 24-hour cross-crypto liquidations around $180 million. Traders remain heavily positioned long: Bitcoin funding rates reached 20-month highs, suggesting crowded bullish sentiment in derivatives. QCP Capital said BTC has held near the lower end of its recent range, and a break outside that band would be more informative than the current choppy moves.
