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Bitcoin Recovers Above $65,000 as US and Iran Hold Fire

Bitcoin Recovers Above $65,000 as US and Iran Hold Fire
Graph showing EV price trends
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>>> U.S. Pauses Airstrikes on Iran as Diplomacy Intensifies

The temporary halt in military action follows fresh U. S.

airstrikes against Iranian targets in late July, which briefly sent Bitcoin sliding below $64,000 and sparked liquidations across alternative cryptocurrencies.

The U. S.

administration indicated that it aimed to preserve room for potential diplomatic negotiations while maintaining military pressure in the region.

The diplomatic posture aims to give talks with Iran "some space," U. S.

Ambassador to the United Nations Mike Waltz said on Fox News.

Recent geopolitical volatility follows a broader mid-year market drawdown, during which Bitcoin closed the first half of 2026 down 32% since January, staying more than 50% below its October 2025 record high of $126,000, according to Binance Research.

On-chain data compiled by the firm showed 10.83 million BTC ended the first half in unrealized loss compared to 9.22 million units in profit, marking the first loss-over-profit crossover of the current cycle, alongside $5.4 billion in U.

>>> Magnitude 1.6 Earthquake Strikes Sappemeer in Groningen Region

S. spot Bitcoin ETF net outflows.

J
Editors Team
Author: Johan Robert
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