Crypto Markets Defy Oil Price Surge, Bitcoin Reaches $65k

The crypto market is closing out the week on a positive note, with Bitcoin reaching $65,021.71 and adding as much as 1.1% since midnight UTC to $65,760.

This rise comes despite a macro backdrop that should be applying pressure, particularly in light of Brent crude futures trading at $97.66 per barrel, the highest since mid-May, due to ongoing tensions in Iran.

Ether mirrored Bitcoin's gain, rising as much as 1.6%, while other altcoins like Hyperliquid and FET rose more than 2%.