Daily Crypto Roundup: Bitcoin Back to $66K as Trump Iran Deal, Fed Signals and Solana Ratings Shake Crypto

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Welcome back to the Daily Crypto Roundup. Bitcoin has pushed back into the $66,000 area, and today, the market is trying to work out whether this is the start of a proper relief rally or just another short-term bounce in a market that still does not fully trust the headlines. Before we get into the stories, this episode is brought to you by Kraken. If you are buying Bitcoin, Ethereum, XRP, Solana, or building your long-term crypto portfolio, Kraken is one of the major platforms to look at. Use the Kraken link in the episode description, and remember, we are still giving away 20 XRP to listeners who support the show through that link. Now let's get into the prices. Bitcoin is trading around $65,900, after pushing above $66,000 during the session. Ethereum is around $1,770.
XRP is holding near $1.22.
Solana is trading around $73.90. BNB is around $605.
Dogecoin is near $8.7.
Cardano is around $0.17.
Tron is around $0.32.
Chainlink is around $8.29. And Hyperliquid is trading around $75.
So the market is green in places, but it is not euphoric. That is important. This is not yet the kind of rally where everything is flying and traders are piling in with no fear. This is more cautious. Bitcoin has recovered, some altcoins are firming up, but the market still wants confirmation. The big question today is simple. Why has Bitcoin pushed back toward $66,000?
The answer appears to be mainly the Trump and Iran deal. Markets have been reacting to the possibility that the US and Iran are moving toward a peace agreement, with the Strait of Hormuz reopening and oil pressure easing. That matters because oil shocks feed inflation fears. Inflation fears keep central banks tighter for longer. And tighter central banks usually mean pressure on risk assets, including crypto. So when oil starts easing and the market thinks geopolitical risk is cooling down, Bitcoin can catch a bid. Stocks have also improved, oil has come down from the panic levels, and traders are starting to price in a slightly less dangerous macro setup. But there is a catch. This is not the first time markets have rallied on a ceasefire or peace headline. Some of those earlier moves faded quickly. That is why Bitcoin's reaction has been strong but still controlled. Traders appear to be waiting to see whether the deal is actually signed and whether the situation stays calm. In other words, Bitcoin is saying, Yes, this is good news, but prove it. There is also a technical reason behind the move. Part of the rally looks like a short squeeze. That means traders who were betting against Bitcoin were forced to close their positions as the price moved higher. When shorts close, they have to buy back, and that buying can accelerate the move. So yes, the Iran news helped. But the speed of the move was likely helped by positioning as well.
This means $66,000 is important, but $70,000 is the real psychological level.
If Bitcoin can reclaim $70,000 with strength, the mood changes. If it keeps getting rejected in the mid to high 60s, then this could still just be a relief rally inside a broader uncertain market. The second major story is the Federal Reserve. Kevin Warsh is leading his first Fed meeting, and markets are not expecting a dramatic rate move. The expectation is that interest rates stay unchanged. But the real focus is communication. What does Warsh sound like? Does he sound hawkish? Does he sound cautious? Does he give the market any hope of cuts later? Or does he tell investors that inflation is still the main threat?
For Bitcoin, this matters massively. Crypto does not just move on crypto news anymore. Bitcoin now trades like a macro asset. It reacts to oil. It reacts to war. It reacts to the dollar. It reacts to bond yields. And it reacts to the Fed. If Warsh sounds too hawkish, that could put pressure on Bitcoin because it would suggest tighter financial conditions and less appetite for speculative assets. But if he sounds patient, and if he acknowledges that some of the inflation pressure from geopolitical events may be temporary, that could help Bitcoin hold this recovery.
So, the market has two major checkpoints, the Iran deal and the Fed. If both go in Bitcoin's favor, then the $66,000 move could build into something stronger. If either one disappoints, Bitcoin could easily give back part of this bounce. Next, we have a major Bitcoin conviction story from Mexican billionaire Ricardo Salinas Pliego. Salinas says he has around 70% of his investment portfolio in Bitcoin, and he argues that Bitcoin is better than real estate over the long term. His logic is built around scarcity. Fiat currencies lose purchasing power. Governments print money. Real estate can rise, but it is illiquid, expensive to maintain, and tied to local markets. Bitcoin, in his view, is portable, scarce, global, and asymmetric. Now 70% in Bitcoin is not normal portfolio management. That is an extreme allocation. Most financial advisors would see that as very high risk because Bitcoin can fall brutally in bear markets. But it shows something important. The ultra-rich Bitcoin thesis is not dead. Even after volatility, even after drawdowns, even after political uncertainty, some wealthy investors still see Bitcoin as the better long-term store of value. Salinas is not looking at Bitcoin as a quick trade. He is looking at it as a multi-decade asset. And this is why stories like this matter. Retail traders often focus on the next 5% move. Institutions and billionaires are asking a different question.