Bitcoin stabilized near $64,000 over the weekend, recouping some of Friday’s decline, as traders weighed the start of ceasefire negotiations between the United States and Iran against the renewed threat to close the Strait of Hormuz.
The token was trading around $64,200 on Sunday, up 0.9% over 24 hours but roughly flat for the week, according to CoinDesk data, after falling below $63,000 on Friday. Most of the majors have consolidated alongside him.
Ether rose 0.5% on the day and 3.3% on the week to $1,734, Solana gained 1.5% to $73 and tron added 1.2%. The hyperliquid HYPE slipped 2% over the day but remains the flagship index of the week, up 14.8%. Dogecoin was the weakest major currency, down 4.9% over seven days.
Bitcoin went nowhere online this week, rallying at the start of the Iran deal, selling off on Friday in a broad risk-off move and stabilizing over the weekend.
The weekend’s focus will be Switzerland, where U.S. and Iranian officials, including Vice President JD Vance, are expected to open negotiations on a permanent ceasefire, according to Bloomberg.
The negotiations follow the memorandum of understanding signed last week by President Donald Trump, which sets a 60-day window that can be extended.
