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Bitcoin rises 3% to $64,300 as oil falls and US-Iran talks boost crypto risk appetite

Market News
10 Jul 2026
Crypto news
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Bullish
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Bitcoin climbed about 3% to $64,300 following a drop in crude oil prices below $72 and renewed peace talks between the US and Iran, which revived risk appetite in crypto markets. A $79.5 million short squeeze helped push Bitcoin higher, with $65,000 identified as a key resistance level. Analysts suggest that a breakout above $65,000 could lead to a target of $68,000, while failure to break this level might see Bitcoin retreat toward $62,000. The market remains sensitive to geopolitical developments and US economic data, which influence investor sentiment and Federal Reserve rate cut expectations.

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