Bitcoin remained steady at $59,700, marking a 0.3% decline for the day and a 6.8% drop over the week, as the U.S.-Iran de-escalation failed to impact the crypto market. Despite the agreement to halt strikes and resume talks in Qatar, digital assets showed little movement, contrasting with a 0.5% rise in S&P 500 and Nasdaq 100 futures.
Ether saw a slight increase of 0.3% to $1,572, while Solana rose by 1.5%. However, XRP and Dogecoin continued their downward trend. The crypto market's muted response follows a pattern of recent geopolitical relief rallies that have not sustained momentum, as traders remain cautious amid ongoing economic uncertainties.
Bitcoin Steadies at $59,700 Amid U.S.-Iran De-escalation
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
