Bitcoin retakes $65,000 as falling oil revives the risk trade
A pause in U.S.–Iran strikes sent oil sharply lower on July 27, easing inflation fears. Bitcoin gained 1.2% and Ether outperformed with a rise of more than 3%.
Bitcoin moved back above $65,000 on Monday, July 27, gaining about 1.2% over 24 hours after the United States and Iran paused military strikes for a second day. Ether rose more than 3% toward $1,950, outperforming Bitcoin alongside gains in Solana and XRP.
The shift was driven by macro conditions. West Texas Intermediate crude fell around 5% and Brent dropped 4.7%, easing some of the inflation pressure created by the conflict. U.S. equity futures, the euro and the Australian dollar also strengthened as investors returned to risk.
Ether's relative strength suggested some rotation beyond Bitcoin, but BTC dominance near 58.6% showed that the move had not yet become a broad altcoin rally. Attention remained fixed on the Federal Reserve's July 28–29 meeting, where the possibility of higher rates still posed the next major test.