Key Takeaways
- Bitcoin barely moves: The world’s largest crypto fell 0.2% to $64,224.6, failing to hold the weekend’s approach toward $65,000.
- Weekend recovery fades: Bitcoin ran out of steam by Monday as mixed Iran signals dampened risk appetite.
- Iran flags progress: Iranian officials reported advancement in Switzerland quadrilateral talks; Qatar and Pakistan struck an optimistic tone.
- Technical talks committed: The U.S. and Iran agreed to continue technical discussions on their 14-point framework deal this week.
- Trump threatens resumed strikes: The president warned Washington will attack Iran again if it doesn’t rein in Hezbollah in Lebanon.
- Hormuz closed over weekend: Tehran shut the strait in response to continued Israeli hostilities against Hezbollah in southern Lebanon.
- Lebanon the sticking point: Iran insists Lebanon and Hezbollah must be included in any comprehensive peace deal.
- Six straight weeks of ETF outflows: Spot Bitcoin ETFs extended their institutional selling streak last week.
- AI rotation accelerates: Risk-on investors continue pivoting toward AI stocks with clearer fundamentals over speculative crypto assets.
- Ethereum rises 1%: To $1,749.99 — a modest outperformer.
- XRP crashes 11%: The sharpest decline among major altcoins.
- BNB and Solana flat: Both largely treading water.
- Cardano dips 0.4%: Modest retreat.
- Memecoins mixed: Dogecoin climbed 0.7%; $TRUMP added 3%.
Bitcoin remained roughly flat on Monday, cutting short a brief weekend recovery as traders parsed mixed signals on U.S.-Iran peace talks.
Continued capital outflows from cryptocurrency markets also kept broader prices under pressure, as risk-on investors pivoted more toward high-flying artificial intelligence stocks.
Bitcoin fell 0.2% to $64,224.6 by 06:13 ET (10:13 GMT). The world’s largest crypto had come close to $65,000 over the weekend, but had run out of steam by Monday.
Iran Flags Some Progress in U.S. Talks While Trump Threatens More Strikes
Iranian officials on Monday flagged some progress in quadrilateral talks with the United States held in Switzerland over the weekend.
Qatar and Pakistan — mediating the talks — struck an optimistic tone on the dialogue and said the United States and Iran had committed to holding technical discussions on their 14-point framework deal this week.
But the positive comments were preceded by threats from U.S. President Donald Trump that Washington will resume its attacks on Iran if it does not rein in Hezbollah in Lebanon.
Continued hostilities between Israel and Hezbollah in southern Lebanon were a key point of contention in ongoing peace discussions. Tehran has repeatedly demanded that Lebanon and Hezbollah be included in any peace deal, and had even closed the Strait of Hormuz over the weekend in response to recent Israeli hostilities.
Still, optimistic comments on the weekend talks spurred some improvement in risk appetite, helping limit losses in crypto.
The sector largely lagged broader risk-driven markets amid a continued pivot into AI stocks, as investors sought risk assets with clearer fundamentals.
Spot Bitcoin exchange-traded funds marked a sixth straight week of outflows last week amid dwindling institutional appetite for crypto.
Crypto Price Today: Altcoins Dither Amid Few Positive Signals
Broader crypto prices largely lagged on Monday, amid a dearth of positive crypto-specific cues. Like Bitcoin, most altcoins were nursing losses.
Ethereum, the world’s second-largest cryptocurrency, rose 1% to $1,749.99.
XRP fell sharply by 11%, while BNB was little changed.
Solana was also flat, while Cardano fell 0.4%.
Among memecoins, Dogecoin climbed 0.7%, while $TRUMP added 3%.
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