Bitcoin returns to $64.3K with new three-week BTC price highs imminent
Summary
Bitcoin climbed above $64,000 and neared a three-week high as oil prices fell on hopes of renewed US-Iran peace momentum. WTI crude dropped after failing near $76, while the US dollar index weakened for a third straight day, adding support to risk assets. Market commentary said macro risks remain elevated, pointing to thin US strategic oil reserves and broader stress in credit markets. More optimistic voices noted that inflation expectations for 2026 have eased, and some traders see lower oil prices as a tailwind for crypto. Bitcoin is now testing the $65,000 resistance level; a breakout could help shift several altcoins into uptrends.
