Bitcoin retests $64,400 after reclaiming $64,000 as U.S.-Iran talks continue

Bitcoin climbed back above $64,000 and retested the $64,400 area, reaching an intraday high of $64,653 on July 10 after recovering from losses tied to renewed U.S.-Iran tensions. The rebound gained momentum after U.S. President Donald Trump said on Truth Social that Washington had agreed to continue talks with Iran following a request from Tehran, even as he added that the ceasefire was over. The move triggered a sharp unwind of bearish leveraged positions. Bitcoin short liquidations totaled $96 million versus $13 million in long liquidations, while broader crypto-market liquidations reached $236.50 million, including nearly $170 million in shorts. Earlier Coinglass data cited by BlockBeats had flagged the $64,000 area as a major zone of concentrated short-liquidation pressure, with cumulative short liquidation intensity of about $689 million above that level and cumulative long liquidation intensity of about $267 million below $62,000. Bitcoin was still up about 2% on the day even after briefly slipping back below $64,000, with its market capitalization above $1.28 trillion and the total crypto market valued at $2.28 trillion, up 1.5% over 24 hours. Analysts said holding the $64,000-$64,400 area could support a further move toward the June 15 peak of $67,250, while failure to defend it could prompt profit-taking and renewed volatility. Markets also continued to monitor the Strait of Hormuz and prospects for a broader U.S.-Iran nuclear deal, with Polymarket showing about 38% odds of an agreement by Dec. 31.