Crypto markets slipped as the U.S.–Iran ceasefire began to unravel less than 48 hours after being announced. Bitcoin fell back under $71,000, while Ethereum, Solana and XRP also dropped as geopolitical uncertainty returned. Iran said multiple clauses of the agreement were breached, and the Strait of Hormuz — a key shipping route — remains largely closed.

Oil prices rebounded toward $97 after plunging earlier on ceasefire optimism, signaling markets are again pricing in risk. Global equities also weakened, with Asian stocks slipping and futures for major indexes pointing lower as investors reassessed the short-lived “ceasefire euphoria.”

Despite the pullback, Bitcoin is still holding within its broader $65,000–$73,000 range and remains above $70,000. Analysts say this resilience is constructive, but continued geopolitical tension and persistent inflation risks could keep volatility high in the near term.