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BTC Reclaims $63k as Gold Struggles Near $4k Amid Geopolitical Tensions

Guavy AI Editorial Team
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Bitcoin rose above $63,000 on Monday after a brief correction to its daily low of $62,300. This follows persistent risk-off sentiment in the cryptocurrency market.

The metal gold (XAU) remains structurally weak and is trading around the crucial $4,000 level. Geopolitical uncertainty in the Middle East has weighed down gold prices.

Iran's Foreign Minister Abbas Araghchi confirmed ongoing talks with Oman on establishing a safe 'temporary passage' route for vessels through the Strait of Hormuz. However, he denied any planned negotiations with the US.

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