Bitcoin Pulls Back to $64K With XRP Close to Losing $1

TL;DR

• Bitcoin fell back toward $64,000 after failing again near $65,400, as fading Hormuz optimism, Strategy’s latest BTC sale and CPI data pressured sentiment.
• Strategy sold 1,690 BTC, marking a fourth consecutive weekly reduction, while futures volume jumped 51% and bitcoin’s 30-day implied volatility rose to 38.64%.
• XRP slipped to a 21-month low just above $1 as open interest climbed 14%, while the broader crypto market lost $40 billion in value.

Bitcoin slipped back toward $64,000 on Tuesday after another attempt to hold above $65,000 failed, while XRP hovered just above the psychologically important $1 level. BTC traded near $64,293, down 1.68% over 24 hours, after sellers rejected another move toward $65,400. The market’s unease reflects more than ordinary profit-taking, with geopolitical uncertainty, corporate bitcoin sales and looming inflation data converging at once. Hopes for progress around the Strait of Hormuz faded after President Donald Trump demanded 50 years of compensation from Iran, helping Brent crude rise to $89.08, as risk sentiment weakened ahead of Wednesday.

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