Bitcoin Up 1% on US-Iran Conflict Pause

Bitcoin Up 1% on US-Iran Conflict Pause

Investing.com reported that Bitcoin rose approximately 1.1% to $64,872.0 by 17:20 ET (21:20 GMT) on Monday, 27 July 2026, recovering from the volatility that characterised the previous week as investors returned to risk assets following a pause in hostilities between the United States and Iran.

The pause in tit‑for‑tat strikes, confirmed by a New York Times report that President Donald Trump halted plans to sharply escalate U.S. military operations after consulting senior advisers, led to a sharp decline in oil prices. Earlier, Brent crude had surged 20.6% and WTI 19.2% over a two‑week span amid the conflict; the recent de‑escalation pushed prices down, easing immediate inflation concerns.

Against this backdrop, the Federal Reserve’s policy meeting later in the week is expected to hold interest rates steady, with the CME FedWatch tool indicating a 62% probability of a rate‑hold. New Fed Chair Kevin Warsh, who has delivered hawkish commentary since the June decision, emphasized the Committee’s commitment to price stability and announced the formation of five task forces to review communications, inflation frameworks and other operational matters.

Technology‑heavy earnings are slated for the same week, with Microsoft, Apple, Amazon and Meta Platforms scheduled to release results. Market participants will scrutinise their guidance, particularly regarding artificial‑intelligence spending plans.

In the broader cryptocurrency market, altcoins displayed mixed performance. Ethereum climbed 1.1% to $1,947.33, XRP fell 1.3% to $1.0899, Solana added 0.2%, Cardano slipped 5%, and Dogecoin declined 1.1%. Overall, risk sentiment improved as oil‑price relief and the prospect of a steady monetary policy boosted appetite for speculative assets.

The article was authored by Vahid Karaahmetovic, Ayushman Ojha and Jaiveer Shekhawat and sourced from Reuters via Investing.com.