BTC Holds $64K as Hormuz Deal Nears — But Why Is Crypto Ignoring the Rally?
Bitcoin is trading near $64,000–$64,300, up just 0.89% in 24 hours. Global stocks are hitting record highs — MSCI's All Country World Index rose 0.4% toward another record close, and the S&P 500 and Dow both closed at all-time highs Tuesday. Brent crude fell 1.1% to ~$78.50 after reports that Washington, Tehran and Oman are close to an agreement to reopen the Strait of Hormuz, with an announcement targeted for today.
⚠️ The Problem: Cheaper oil, easing rate expectations, and a risk-on equity bid have failed to move crypto for three straight sessions. BTC sits roughly 49% below its October 2025 peak of $126,000, while global equities print new records.
Analyst Take: "A market that cannot rally on a confirmed deal after failing to rally on the prospect of one is telling you the buyers are elsewhere".
Key Level: Analyst Ali Martinez highlighted $64,300** as key resistance — a close above could trigger a rally toward **$65,500 or $66,500.
Takeaway: The macro setup is bullish, but crypto is disconnected. Watch the Hormuz announcement today!
$BTC
#Bitcoin #BTC #HormuzDeal #Geopolitics #CryptoMarket
Bitcoin is trading near $64,000–$64,300, up just 0.89% in 24 hours. Global stocks are hitting record highs — MSCI's All Country World Index rose 0.4% toward another record close, and the S&P 500 and Dow both closed at all-time highs Tuesday. Brent crude fell 1.1% to ~$78.50 after reports that Washington, Tehran and Oman are close to an agreement to reopen the Strait of Hormuz, with an announcement targeted for today.
⚠️ The Problem: Cheaper oil, easing rate expectations, and a risk-on equity bid have failed to move crypto for three straight sessions. BTC sits roughly 49% below its October 2025 peak of $126,000, while global equities print new records.
Analyst Take: "A market that cannot rally on a confirmed deal after failing to rally on the prospect of one is telling you the buyers are elsewhere".
Key Level: Analyst Ali Martinez highlighted $64,300** as key resistance — a close above could trigger a rally toward **$65,500 or $66,500.
Takeaway: The macro setup is bullish, but crypto is disconnected. Watch the Hormuz announcement today!
$BTC
#Bitcoin #BTC #HormuzDeal #Geopolitics #CryptoMarket