Bitcoin climbed back toward $65,000 on Tuesday, recovering from recent pressure as expectations of further interest-rate increases faded, though lingering geopolitical tensions linked to Iran kept a lid on the rally.
The largest digital asset was last trading at $65,010, according to verified market data, representing a gain of roughly 4% over the past 24 hours. Its market capitalization stood at $1.30 trillion, with 24-hour trading volume reaching $31.05 billion.
- Price: $65,010
- 24-hour gain: ~4%
- Market cap: $1.30 trillion
- 24-hour volume: $31.05 billion
The move reflects a notable shift in macro sentiment. In recent weeks, Bitcoin had come under sustained pressure as traders priced in a more aggressive tightening path by the Federal Reserve. Those rate-jitter fears have since moderated, encouraging a broader return of risk appetite across markets, including cryptocurrencies. The easing of rate concerns removes a key headwind that had previously depressed sentiment and weighed on Bitcoin’s price.
This repricing of monetary policy expectations provides a supportive backdrop for Bitcoin’s current recovery, reinforcing the notion that macro factors remain a dominant driver of short-term price action in digital assets.