Bitcoin-Stocks Divergence Returns as BTC Hits $66K

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Bitcoin joined oil in heading lower while stocks gained on US-Iran peace momentum, with traders seeing a quick end to the BTC price rebound.

Bitcoin (BTC) dropped back to $66,000 after Tuesday’s Wall Street open as stocks locked in fresh gains.

Bitcoin cools its rebound, even as stock continue higher on US-Iran peace plans.

Oil prices hit their lowest levels in three months, but crypto struggles to leverage the tailwinds.

BTC price takes still see $70,000 as the limit for the current push higher.

BTC price dips with oil as stocks head out in front

Hopes that a US-Iran peace deal would go ahead kept equities bullish, with the S&P 500 adding over 1.5% on the day, while US WTI crude oil hit three-month lows.

News of an peace deal between the U.S. and Iran has made headlines frequently in the past. But this time, both sides along with other parties involved with negotiations are confirming the deal,” trading resource Mosaic Asset Company wrote in the latest edition of its regular newsletter, The Market Mosaic.

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