Bitcoin rebounded sharply to around $74,400, erasing a weekend decline triggered by geopolitical tensions after failed US-Iran negotiations and the announcement of a blockade in the Strait of Hormuz. Prices had dropped roughly 4% from late Saturday into early Monday following news that US Vice President JD Vance left Pakistan without securing a deal and Donald Trump ordered the blockade.
Market sentiment reversed during Monday’s US session, with bitcoin rising more than 3% over 24 hours to trade near $73,400 at the close. Other major tokens including Ethereum, Solana, and XRP also moved higher, though with smaller gains. Crypto-linked equities advanced as well, with Circle up 11%, Gemini rising 9%, and MARA Holdings and Bullish each gaining over 8%.
In traditional markets, the Nasdaq rose 1.2%, while WTI crude oil retreated to about $97 per barrel after topping $105. Meanwhile, Strategy continued aggressive accumulation, buying 13,927 BTC for $1 billion via STRC preferred stock, as record $770 million trading volume signaled potential further purchases.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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