Bitcoin Climbs Back Above $65,000 as Geopolitical Risk Eases

Bitcoin returned above $65,000 on Monday as the pause in fighting between the United States and Iran drew investors back into risk assets, according to CoinDesk. The largest cryptocurrency rose alongside a decline in oil of about 5 percent and a rise in United States equity futures.

CoinDesk reported that ether rose faster than bitcoin during the session, a divergence some traders read as the first sign of broader interest in smaller, higher-risk tokens. The move followed the wider recovery in sentiment that Globes described across Wall Street futures as the threat to the Strait of Hormuz receded.

The rebound shows how closely bitcoin now trades with equities and other risk assets during geopolitical events, rather than moving independently of them as a safe haven.