Bitcoin Price Flat Amid US-Iran Peace Efforts, Strategy's Crypto Holdings Come Under Fire

The price of Bitcoin remained relatively flat on Monday, hovering around $59,700 as renewed U.S.-Iran peace efforts lifted equity futures but failed to stimulate crypto demand.

The asset fell by 0.3% during the session and 6.8% across the week. Meanwhile, Strategy's Bitcoin purchases came under fresh criticism from economist Peter Schiff, who argued that the company has destroyed shareholder value through its accumulation plan.

Schiff pointed out that Strategy carries almost $14 billion in unrealized losses on its Bitcoin holdings and compared its market value of $29.54 billion to the $64.10 billion spent acquiring Bitcoin.

The Qatar peace talks and Thursday's inflation report may serve as key catalysts for crypto markets this week, with investors watching to see if they will provide a lasting boost for Bitcoin.