Bitcoin hit a two-week high above $65,500 after the U.S. and Iran reportedly reached a deal to end hostilities and reopen the Strait of Hormuz, easing oil-driven risk pressure.
Standard Chartered said crypto prices may have already reached a cycle low, with lower oil prices seen as one confirmation signal for a broader recovery.
The CLARITY Act remained in focus as lawmakers raced to move the crypto market structure bill forward before the congressional deadline.
Senator Tim Scott said the crypto market could eventually reach $30 trillion with clearer regulation, pointing to the CLARITY Act as a key catalyst.
Tokenized Treasury markets reached about $14.6 billion, reinforcing the view that Wall Street is moving beyond pilots and deeper into Ethereum-based infrastructure.
U.S. spot Bitcoin ETFs recorded about $319 million in net outflows last week, while spot Ethereum ETFs saw about $15 million in net outflows.
Bitcoin is trading around $65,655, while Ethereum is trading around $1,717.
The Fear and Greed Index stands at 23, indicating extreme fear in market sentiment.
