Bitcoin Stalls Below $65k as Hormuz Deal Hopes Fade and Strategy Sells BTC

Woofun AI reports that crypto market stagnation on Tuesday followed the collapse of short-lived optimism surrounding a Strait of Hormuz deal. President Donald Trump's insistence on 50 years of compensation from Iran as a precondition for negotiation extinguished hopes for a near-term resolution, leaving Bitcoin (BTC) and Ether (ETH) under pressure.

The geopolitical friction directly impacted energy and digital asset valuations. Brent crude surged to $89.08, marking a rise of more than 12% from last week's low. In the digital asset space, Bitcoin (BTC) gained merely 0.26% since midnight UTC but remains down 1.68% over the past 24 hours. Ether (ETH), despite outpacing bitcoin since midnight, is 2.4% lower on the day.

Traditional markets mirrored this subdued tone, with U.S. equity index futures remaining flat as traders focus on Wednesday's CPI report as the week's key catalyst. Structural selling pressure intensified after MicroStrategy sold a further 1,690 BTC on Monday, marking the fourth consecutive weekly reduction. Per Woofun AI, the company has not bought bitcoin since June, signaling a sustained liquidation stance.

This combination of geopolitical uncertainty and corporate offloading creates an extra layer of pressure for the sector. With traders awaiting the key catalyst of the inflation data, the market remains cautious. The absence of institutional buying since June underscores a lack of immediate support for price recovery.