Bitcoin rebounds to $64.5k, Ethereum returns to $1,880, showing resilience amid US-Iran geopolitical risk

Bitcoin bounced on Sunday (the 26th) to $64.5k, while Ethereum returned to the $1,880 level, showing resilience amid geopolitical risk around Iran. The Fear Index fell back to 26.
(Background: The US has launched airstrikes against Iran for 13 consecutive nights, Brent crude oil broke above $100, and Bitcoin was pushed back from $64k)
(Background update: A textbook-class Bitcoin buy order appeared! Quant traders: the Binance support team is back, and market makers are rushing in to “front-run”)

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• Bitcoin bounces to $64.5k, with a tug-of-war between bulls and bears continuing
• Ethereum returns to $1,880, with altcoins following with modest gains
• Iran situation lifts oil prices as US stocks show mixed performance

Today (the 26th), the crypto market displayed rebound resilience as geopolitical risk around Iran continued to intensify. Bitcoin recovered from the $63.8k low of the prior trading day to around $64.5k, with a 24-hour gain of about 0.72%; Ethereum also climbed back above the $1,880 level, up 1.11%.

Bitcoin rebounds to $64.5k, with a tug-of-war between bulls and bears continuing

Bitcoin this weekend rebounded from the $63.8k low to oscillate in the $64.5k range. In 24 hours, the highest touched $64,542 and the lowest was $63,810.

Over the past 14 days, Bitcoin has continued to pull back from the $66,803 peak on July 21. After hitting $61,859 on July 14, it gradually started building a base. Technically, the whole-number $64k level has formed near-term support, but the $65k overhead pressure remains.

Ethereum returns to $1,880, with altcoins inching higher

Ethereum strengthened in tandem. In 24 hours, it rebounded from the $1,851 low to $1,881, with a 1.11% gain, outperforming Bitcoin.

Over the past 14 days, Ethereum has reversed from the $1,949 high on July 23, bottoming at $1,753 on July 14, and is currently consolidating in the middle of its range. Solana was at $74.8 (+0.92%), XRP at $1.10 (+0.56%), and major coins generally edged higher.

Iran situation boosts oil prices as US stocks show mixed performance

On the macro front, the US’s continuous airstrikes against Iran have kept geopolitical tensions heating up. Brent crude oil briefly broke through $100 per barrel. As a result, last Friday (the 24th), major US stock indexes saw mixed performance: the Dow rose 0.5%, the S&P 500 was nearly flat (up less than 0.1%), and the Nasdaq fell 0.6% due to selling pressure in chip-related stocks.

As risk-avoidance sentiment rises, capital has moved away from risk assets. While cryptocurrencies are under pressure in parallel, they are showing relative resilience.