Bitcoin Stuck Above $64K as Global Markets Rise

Bitcoin's price continues to hover above $64,000, despite record global equities and cheaper oil failing to spark significant momentum in the cryptocurrency market.

The largest cryptocurrency has shown a modest recovery from its recent low near $62,200, but remains about 49% below its October 2025 record of $126,000.

A potential breakthrough could come if Bitcoin closes above $64,300 on four-hour charts, according to analyst Ali Martinez, which would open the door to a rally towards $65,500 or $66,500.

However, traders will be keeping a close eye on developments in the Strait of Hormuz, where a possible agreement between the U.S., Iran, and Oman could reduce geopolitical and inflation risks, but may not necessarily guarantee a Bitcoin rally.