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Bitcoin rebounds above $63,600 amid mixed US-Iran ceasefire reports and regional tensions.

Market News
17 Aug 2026
Coinpaper
View Source
Bullish
Bitcoin rebounds above $63,600 amid mixed US-Iran ceasefire reports and regional tensions.

Bitcoin price recovered above $63,600 after dipping to around $62,650, driven by conflicting reports about a US-Iran ceasefire extension. While some sources claimed the 60-day ceasefire was extended, neither government confirmed this, and the negotiation period expired without a final agreement. The rebound occurred despite significant outflows from US Bitcoin ETFs and ongoing regional instability, including restricted shipping through the Strait of Hormuz. Bitcoin faces resistance near $65,500, with support around $61,900; a sustained move above resistance could lead to further gains, while a drop below support may expose lower levels near $59,000.

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Bitcoin jumps over 5% past $85,000 as crypto regulation stalls in US Senate

Bitcoin jumps over 5% past $85,000 as crypto regulation stalls in US Senate

Bitcoin surged more than 5% to surpass $85,000, its highest level since January, following the failure of the CLARITY Act in the US Senate. The bill, aimed at regulating crypto markets, did not receive enough votes to avoid a filibuster, leaving digi...

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The crypto market saw a sharp recovery with $450 million in short positions liquidated in four hours, driving Bitcoin to a 9-month high of $85,299. This surge was fueled by fading fears of Fed rate hikes, hopes for an end to the US-Iran conflict, and...

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