CoinDesk · 6/29/2026

Bitcoin stalls at 59k as stock futures rally on Iran de-escalation

Bitcoin stalls at 59k as stock futures rally on Iran de-escalation

Geopolitical tensions are cooling, but Bitcoin isn't feeling the relief. While U.S. equity futures climbed following reports that Washington and Tehran agreed to pause military strikes and return to the negotiating table, the leading cryptocurrency slipped to $59,700. It's a frustrating disconnect for bulls who expected a broader market bounce. Bitcoin remains stuck in a rut, nursing a 6.8% loss over the last seven days while traditional risk assets find their footing. Traders are watching the $60,000 level closely, as the asset has failed to reclaim its psychoglogical support despite the de-escalation news. The divergence suggests crypto investors are more worried about internal market liquidity than global headlines right now. If stocks continue to decouple from the digital gold narrative, will Bitcoin find a floor before the weekly close?

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