Market Rebound Driven by Geopolitical De-escalation

Geopolitical tensions eased in the past week, leading to a market rebound. The US and Iran began negotiations through Oman regarding shipping in the Strait of Hormuz, with progress reported but no immediate resolution. This development boosted expectations for de-escalation and drove oil prices lower.

BTC price broke above $65,000 after recovering from a previous drop near $63,800, reaching a high of nearly $65,500 before pulling back to around $65,200. The short-term bullish structure remains intact but the lack of sustained volume expansion suggests weakening chasing momentum.

Rubinhood Chain continues to be an on-chain speculation hotspot, with multiple ecosystem tokens reaching new market capitalization highs. PONS surpassed a market cap of $56 million and BRODIE exceeded $6 million in market cap, while STONKBROKER reached over $15 million.