Bitcoin Bounces to $64k Amid Ongoing US-Iran Deal Uncertainty

Bitcoin's price rose to nearly $64k over the weekend after a brutal week of declines, but investors remain cautious due to uncertainty surrounding the US-Iran peace deal.

The world's largest cryptocurrency gained 1.2% to reach $63,851.0 by 14:29 ET (19:29 GMT), but this growth is limited by mixed signals on the deal.

An ongoing pivot into artificial intelligence stocks has also put pressure on the crypto sector, with investors shifting away from digital assets in favor of more traditional investments.