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The rally reflected improving risk sentiment following reports that the U.S. and Iran have reached a peace agreement, analysts said.

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Bitcoin's next move may depend on whether buyers can force a breakout through a dense cluster of short positions.

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Coinbase Global Inc. (NASDAQ:COIN ) CEO Brian Armstrong reaffirmed on Sunday his bullish stance on Bitcoin (CRYPTO: BTC), projecting a “much higher” price for the asset by 2030. ‘A key Part Of Our Economy' Armstrong shared a clip on X from his recent appearance on the Moonshots with Peter Diamandis podcast, where he expressed strong optimism about Bitcoin's future.

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Despite recent market turbulence and shifting investor sentiment, Coinbase CEO Brian Armstrong has doubled down on his long-term conviction for the world's largest cryptocurrency.