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Bitcoin price rises over 2% as US-Iran peace talks ease tensions and oil outlook weakens.

Market News
03 Jul 2026
Coingape
View Source
Bullish
pluang ai news

Bitcoin price increased by 2.46% to $61,644 on July 3, driven by easing geopolitical tensions following progress in US-Iran peace negotiations. ARK Invest CEO Cathie Wood stated that the reopening of the Strait of Hormuz will increase oil supply, weakening the bullish case for oil and causing prices to drop. This shift has boosted demand for risk assets like Bitcoin, which also saw significant institutional inflows into spot ETFs. Technical indicators suggest Bitcoin may continue rising toward $67,000 if current buying momentum holds.

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