# Bitcoin eyes $66K as risk appetite returns Easing US-Iran tensions boost crypto and traditional markets. - **Source:** [Cointelegraph.com News](https://brifing.si/source/2e81e982-0137-4db0-8ac2-351f37085775) - **Published:** 2026-07-27 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/865ff7ad-bf51-481e-8a04-32be274e0246 ## Bitcoin starts week on positive note Bitcoin attempted to build on local highs as US stocks opened in the green. BTC/USD approached $66K during the first trading session, supported by temporary de-escalation in US-Iran tensions and potential progress on reopening the Strait of Hormuz - a critical global oil chokepoint. ## Geopolitical relief fuels market optimism Iran's foreign ministry announced joint efforts with Oman to establish maritime traffic mechanisms in the Strait of Hormuz. The key waterway's closure had pressured energy markets, with US WTI crude falling toward $82 before a modest rebound. This development eased concerns about broader supply disruptions. ## Correlation with equities persists Bitcoin maintained its correlation with traditional markets, rising alongside the S&P 500 and Nasdaq Composite (both up ~0.3%). Despite challenging macro conditions, crypto has outperformed in July - BTC and ETH gained 11.6% and 24.6% month-to-date respectively amid periodic risk-off sentiment. ## Technical supports hold but remain fragile Analysts noted BTC successfully defended the 21-day ($64,289) and 50-day ($63,261) SMAs as support. However, traders cautioned these levels appear vulnerable. Market participants await a decisive move toward $66K-67K to confirm sustained buying pressure in coming days. ## Short liquidations spike with price rise CoinGlass data showed crypto short liquidations nearing $250M over 24 hours as prices climbed. QCP Capital maintained constructive outlook despite rising Treasury yields, noting digital assets' relative strength. The trading firm highlighted ongoing regulatory developments as key market focus. ## Regulatory clarity remains pivotal Market attention stays focused on the CLARITY Act's progress, which could shape US crypto regulation. Participants monitor implications for the sector's legal framework. Analysts emphasize crypto's notable July performance against challenging macro backdrop, suggesting resilient investor interest. ## Sources covering this story - https://cointelegraph.com/markets/bitcoin-price-eyes-66k-as-us-stocks-rise-on-iran-strike-pause?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._