Bitcoin Eyes $67K as Risk Sentiment Boosts Crypto Market

The crypto market is experiencing a significant recovery as macroeconomic pressures ease across the ecosystem.

Better risk sentiment from reports of a U.S.-Iran peace deal and the reopening of the Strait of Hormuz has driven oil prices lower, supporting global risk assets.

Bitcoin is currently trading around $65,550, while Ethereum is close to $1,717, both up over the last 24 hours.

Market players are now eyeing the $66,000 and $67,000 levels as the next major resistance zones for Bitcoin in the near term.

The US Federal Reserve policy decision will also influence the week ahead, with investors looking for signals from economic projections on future monetary policy.