Markets Bitcoin remains stable near $64,000 as discussions between the US and Iran advance, yet the cryptocurrency market is not participating in the upswing.
Asian stocks and technology sectors rose following the US and Iran's agreement on a roadmap for a peace deal, which also contributed to a drop in oil prices below $80. Bitcoin, however, saw a decline of 2% over the week, with memecoins experiencing the largest losses.
By Shaurya Malwa Jun 22, 2026, 4:58 a.m. 2 min read
- Bitcoin hovered around $64,000 to start the week, lagging a rally in Asian equities despite a friendlier macro backdrop.
- Other major cryptocurrencies were mixed, with Solana and tron posting weekly gains while BNB, XRP and dogecoin declined.
- Progress toward a 60-day US-Iran peace roadmap lifted Asian stocks and eased oil prices, but bitcoin has yet to reconnect with the broader risk-on mood.
Bitcoin began the week trading close to $64,000, missing out on a surge in Asian equities prompted by advancing US-Iran peace negotiations.
The cryptocurrency was valued at approximately $63,996 on Monday, reflecting a 0.4% decrease over the past 24 hours and a 2.2% drop for the week, according to CoinDesk data. The rest of the crypto market showed mixed results, with Solana increasing by 3.7% weekly to $74 and tron gaining 2.2%, while ether remained stable around $1,733. Other cryptocurrencies faced more significant losses, with BNB down 4.2% for the week, XRP dropping 4.3% to $1.13, and dogecoin suffering a 6.5% decline. Hyperliquid's HYPE, which had a strong start in June, saw a 5% drop on the day, resulting in a modest 1.9% weekly gain.
The macroeconomic landscape improved, but this did not translate into gains for cryptocurrencies. The US and Iran reached an agreement on a roadmap for a final peace deal within 60 days, causing Brent crude oil prices to fall by 1.7% to about $79 per barrel.
An MSCI index tracking Asian stocks increased by 0.6%, primarily driven by a rally in technology stocks, stemming from ongoing optimism regarding artificial intelligence. In contrast, US futures traded lower, with S&P 500 contracts down 0.5%.
Mediators from Qatar and Pakistan reported in a joint statement, as cited by Bloomberg, that significant progress had been made, including the establishment of a framework for further technical discussions and a communication channel to ensure the safe passage of commercial vessels through the Strait of Hormuz.
However, the progress remains uncertain, as the talks had a rocky beginning on Sunday when Iran temporarily paused discussions following President Donald Trump's renewed threats of military action if Hezbollah continued its assaults on Israel. Subsequently, both parties agreed to a communication channel to mitigate escalation.
Historically, Bitcoin has closely followed risk assets amid the evolving Iran situation, but it begins this week stagnant while correlated markets show gains. The upcoming challenge will be to see if the 60-day roadmap holds and whether cryptocurrencies can reestablish their connection with the risk-on sentiment or continue to drift below early June's levels.
Latest Crypto News- 1XRP briefly loses $1.14 support before buyers drive sharp rebound43 minutes ago
- 2Are perps swaps? A quick look at that CME suit: State of Crypto 11 hours ago
- 3Ethereum's biggest 'sandwich' bot drained of $7.5 million in ironic exploit22 hours ago
- 4Bitcoin holds near $64,000 as a renewed Hormuz threat clouds US-Iran ceasefire talks23 hours ago
- 5AI is making crypto security cheaper, faster and harder to ignoreJun 20, 2026
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
By CoinDesk ResearchJun 15, 2026In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters:
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
View Full ReportMore From Markets