Bitcoin Surpasses $65,000 Amid U.S.-Iran Ceasefire; Oil Prices Decline

Bitcoin has reclaimed the $65,000 mark as tensions between the U.S. and Iran ease, resulting in a significant drop in oil prices.

Ether Outshines Bitcoin, Indicating Possible Altcoin Surge

By Omkar Godbole Jul 27, 2026, 4:21 a.m. 2 min read

Risk appetite returns as the U.S. and Iran pause military hostilities, leading to a 5% decrease in oil prices.

Bitcoin, the top cryptocurrency by market capitalization, is now priced at $65,274.49, reflecting a 1.2% increase within the last 24 hours. Meanwhile, Ether (ETH) has surged over 3%, nearing $1,950, along with 1% to 2% gains in other major cryptocurrencies like Solana (SOL) and XRP (XRP).

On Monday, WTI futures opened significantly lower, trading approximately 5% down at $85, while Nasdaq and S&P 500 futures saw a modest rise of 0.5%. In the currency market, the Australian dollar and euro have strengthened against the U.S. dollar.

After two days of halted military action between the U.S. and Iran, there is renewed hope for diplomatic negotiations. The conflict, which escalated in late February, had seen a fragile ceasefire collapse in the second quarter.

Iran has reportedly committed to maintaining its pause on airstrikes as long as the U.S. reciprocates, signaling the potential for a new peace initiative.

Vikram Subburaj, CEO of the Giottus exchange in India, noted in an email, "Prices are also responding to macro developments. Brent crude's 4.7% drop to $92.19 has alleviated some inflation worries, although the upcoming Federal Reserve meeting on July 28-29 poses an immediate risk, with markets pricing in a 36.3% chance of a 25-basis-point rate hike." He also pointed out that Ether's more than 3% rise suggests a shift towards alternative cryptocurrencies, despite Bitcoin's dominance remaining at 58.6%, indicating that this trend is not yet widespread across all altcoins.

Additionally, market analysts continue to examine Bitcoin's historical four-year cycles, suggesting that prices may be nearing a bottom, setting the stage for a future bull market. Joao Wedson, founder and CEO of analytics firm Alphractal, remarked on X, "The interval between each Bitcoin Halving and the bottom of the subsequent Bear Market has averaged around 900 days. Currently, we are at day 827 in this cycle, implying that Bitcoin may be establishing its price floor, with the final bottom likely forming within the next two months."