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Bitcoin steadies near $64,000 amid US-Iran ceasefire talks and Hormuz Strait tensions.

Market News
21 Jun 2026
Coindesk
View Source
Neutral
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Bitcoin recovered to around $64,200 over the weekend after a Friday sell-off, remaining roughly flat for the week. The market is focused on US-Iran ceasefire talks in Switzerland, while Iran's renewed threat to close the Strait of Hormuz adds uncertainty. This geopolitical tension could impact oil prices and risk assets, including cryptocurrencies. A permanent ceasefire could stabilize markets, but a closure of the strait would likely push oil and crypto prices higher due to increased risk.

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