Bitcoin climbed roughly 5% to around $64,000 on Sunday after U.S. President Donald Trump said Israeli Prime Minister Benjamin Netanyahu will have “no choice” but to accept a U.S.-brokered deal with Iran.
Since its peak in October 2025 at $126,000, Bitcoin has lost more than 40%. The Fear & Greed index is in the extreme fear zone, institutional ETFs are recording net outflows, and obituaries are blooming again.
Bitcoins sharp recovery from last weeks decline triggered a massive short squeeze, resulting in significant losses for traders who had bet on further downside. According to data from CoinGlass, cryptocurrency short sellers lost approximately $504 million in liquidations during the 24 hours leading into Monday morning, marking the largest single-day loss for bearish traders since late April.
Bitcoin experienced significant volatility over the weekend and into Monday as renewed military exchanges between Israel and Iran sent shockwaves through global markets. The leading cryptocurrency momentarily climbed to $64,128 before retreating under $63,000 amid escalating regional tensions.
BTCTOP CEO Jiang Zhuoer has pushed back against fears that Strategy could become a major Bitcoin seller if the market falls further. In a post on X, Jiang said he does not believe Strategy will “substantially net sell BTC.
Wealthier crypto investors are continuing to cluster around large-cap tokens such as Bitcoin (BTC) and Ethereum (ETH), signaling a defensive stance as broader market uncertainty persists. At the same time, several smaller altcoins are flashing unusually severe ‘oversold' readings, with Relative Strength Index (RSI) levels dropping into the 0% range—an extreme that can sometimes precede short-term rebounds but also reflects heavy, recent selling pressure.
A New York judge has halted proceedings in a lawsuit seeking ownership of 39,069 dormant Bitcoin wallets, delaying any attempt to secure a default judgment before a July 14 court hearing.
Over the weekend, the Bitcoin price suffered a major crash, moving below $60,000 for the first time in this cycle. In contrast, there has been some recovery, with the price moving above $62,000 on Sunday, as investors moved back into the market.
Traders betting against bitcoin lost $504 million over 24 hours as it bounced from below $60,000, though a fresh Iran-Israel flare-up pulled prices back on Monday.
Michael Saylor has not finished confusing the crypto market. A few days after the exceptional sale of 32 BTC by Strategy, a first in several years, the company's co-founder rekindled speculation with an enigmatic message published on X.
Hunter Biden declared his commitment to blockchain-based art and Bitcoin (CRYPTO: BTC) on Saturday, while praising fellow artist Mike Winkelmann, better known as Beeple. Hunter Biden: The Crypto Messiah?
Fannie Mae and Freddie Mac are preparing to count your crypto as a mortgage asset without making you sell it. What the order means for homebuyers.