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Bitcoin’s price remains stable at $64,000 as traders focus on ETF fund outflows and the Strait of Hormuz risk

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CryptoWorld News: Bitcoin prices stabilized around $64,000 on Sunday, rebounding from Friday's sell-off, but the overall range remained unchanged. According to market data, Bitcoin increased by 0.87% in the past 24 hours, with a trading price of approximately $64,008, a 24-hour range between $63,188 and $64,462, and a daily trading volume exceeding $16.6 billion. Bitcoin's seven-day trend is slightly negative, indicating that the weekend rebound only partially recovered losses. Traders are watching the $62,000 support level; if it breaks, short-term sentiment may weaken, while a breakthrough above $67,000 could provide bulls with a stronger rebound opportunity. Bitcoin fell below $63,000 on Friday due to waning risk appetite in the crypto market. Traders are also paying attention to the US-Iran ceasefire negotiations in Switzerland, following last week's memorandum of understanding, with both sides having a 60-day window to reach a longer-term agreement. The market remains unstable as Iran has ordered the closure of the Strait of Hormuz again, a vital global oil shipping route. The closure could push oil prices higher and exert pressure on risk assets, including Bitcoin.
BTC0.11%
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NightFlightPancake
· 6h ago
This weekend’s rebound isn’t significant enough—whether the 62k support can hold is the key.
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SeaSaltAirdropNotes
· 6h ago
The 60-day window for US-Iran negotiations—geopolitical risks are like a ticking time bomb. The moment anything happens in the Strait of Hormuz, oil prices jump and cryptocurrencies fall.
View OriginalReply0
TwoFactorZen
· 6h ago
If the 67k breakthrough can't be achieved, the bulls should just wash and sleep, the trading volume is also average.
View OriginalReply0
SummerNightColdWallet
· 6h ago
1.66 billion daily volume looks okay, but seven-day weakness is not a good sign, be cautious.
View OriginalReply0

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