Crypto
Bitcoin Surges Past $64K Amid US-Iran Deal Hopes
Bitcoin has reached $64K for the third time in the past day, as crypto markets continue to rally. This price jump coincides with the S&P 500 reaching a new all-time high, driven by hopes of a potential US-Iran deal after President Trump set a deadline for tomorrow.
The market is currently riding high on the prospect of a more sustainable deal and a major de-escalation in tensions between the two countries. This has created short-term upside with reversal risk if talks fail.
CryptoRank's analysis suggests that despite Bitcoin's recent gains, it may still be undervalued according to one indicator.