Bitcoin price eyes $66K as US stocks rise on Iran-strike pause

Written by William Subergstaff writerReviewed by Charles Bennettstaff editorWritten by William Subergstaff writerReviewed by Charles Bennettstaff editorBitcoin price eyes $66K as US stocks rise on Iran-strike pauseMarketsPublishedJul 27, 2026Bitcoin copied US stocks as relief over end of US-Iran strikes spread to risk assets at the start of the US trading session.Bitcoin (BTC) sought to build on local highs at Monday’s Wall Street open as US stocks opened in the green.Key points:Bitcoin approached new local highs with the start of the week’s first US trading session.Stocks also opened higher amid relief over a hiatus in the US-Iran war and potential progress on reopening the Strait of Hormuz.BTC price action defended two daily moving averages on Sunday’s weekly close.Bitcoin follows stocks higher as Iran news offers risk-asset tailwindData from TradingView showed BTC/USD spiking to near $66,000 as markets reacted to a pause in strikes between the US and Iran. BTC/USD one-hour chart. Source: Cointelegraph/TradingViewAdditional reports cited an Iranian foreign ministry spokesman announcing that Tehran and Oman were “trying to establish mechanisms regarding maritime traffic” through the Strait of Hormuz, a key global oil route currently closed.US WTI crude oil fell toward $82 per barrel on Monday before a modest rebound. The S&P 500 and Nasdaq Composite Index were both up by around 0.3% at the time of writing.CFDs on US WTI crude oil one-hour chart. Source: Cointelegraph/TradingViewAcknowledging a potential stumbling block in the form of higher US bond yields, trading company QCP Capital voiced that they were anticipating tailwinds for the crypto market going forward. “Digital assets have generally outperformed equities in July despite a more challenging macro backdrop,” the firm wrote in its latest Market Color analysis. “BTC and ETH are up approximately 11.6% and 24.6% month-to-date, respectively, even as higher Treasury yields and periodic risk-off sentiment have…

Bitcoin price eyes $66K as US stocks rise on Iran-strike pause

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