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Bitcoin briefly traded above $67,000 on Monday as a relief rally rippled through crypto markets, buoyed by signals that the U.S.-Iran standoff may be approaching a diplomatic resolution.
Bitcoin ($BTC) is trading at around $67,000, up less than 1% over the past 24 hours. $ETH and SOL rose 2% to $2,050 and $84, respectively. Meanwhile, Ripple (XRP) was unchanged at $1.33.
Total crypto market capitalization remained flat at $2.39 trillion, according to Coingecko.
The bounce came after President Donald Trump said the U.S. was in talks with a "new regime" in Iran. Trump warned the U.S. would target the country's oil infrastructure if a deal didn't materialize, but the reference to diplomatic progress was enough to ease some of the risk-off pressure that has weighed on crypto since hostilities began five weeks ago.
BitMine purchased 71,179 $ETH last week, its largest weekly buy of 2026. The roughly $143 million purchase lifted the firm's total holdings to more than 4.73 million $ETH, or about 3.92% of the circulating supply. BitMine is now the only large corporate crypto buyer still purchasing at scale, after Strategy ended a 13-week Bitcoin buying streak.
The tentative recovery comes against a backdrop of weakening institutional flows. U.S. spot Bitcoin ETFs recorded $225 million in net outflows on Friday, with BlackRock's IBIT alone losing $201.5 million.
The outflows followed a hawkish FOMC meeting on March 18, where the Fed held rates steady but raised its 2026 inflation forecast to 2.7%. Rising oil prices have further dampened expectations for rate cuts. CME FedWatch data shows a 97.4% probability that the Fed leaves rates unchanged at its next meeting.
Big Movers
The Top 100 digital assets were mixed over the last 24 hours.
MemeCore (M) and Zcash (ZEC) outperformed, rallying 7% and 5%, respectively.
SIREN and RAIN are today’s biggest losers, down around 7%.
Around 101,000 leveraged traders were liquidated for $431 million in the past 24 hours, according to CoinGlass. Bitcoin accounted for $174 million, while $ETH made up $136 million.