Here’s a clean paraphrased version of your text:
Crypto markets recovered over the weekend following Friday’s sell-off, with bitcoin rebounding toward the $64,000 level. While permanent ceasefire discussions are set to begin in Switzerland, Iran’s renewed threat to close the Strait of Hormuz has reintroduced the same geopolitical risk the agreement was intended to resolve.
Bitcoin traded around $64,200 on Sunday, up 0.9% over 24 hours but roughly unchanged on the week, according to CoinDesk data, after briefly falling below $63,000 on Friday. Most major cryptocurrencies also stabilized in tandem.
Ether gained 0.5% on the day and 3.3% for the week at $1,734, while solana rose 1.5% to $73 and tron increased 1.2%. Hyperliquid’s HYPE fell 2% on the day but remained the strongest performer of the week with a 14.8% gain. Dogecoin lagged, declining 4.9% over the past seven days.
Overall, bitcoin ended the week largely unchanged, initially rallying on optimism around the Iran agreement before sliding in Friday’s risk-off move and then stabilizing over the weekend.
Attention is now focused on Switzerland, where U.S. and Iranian officials, including Vice President JD Vance, are expected to begin negotiations on a lasting ceasefire, according to Bloomberg.
These talks follow a memorandum of understanding signed by President Donald Trump last week, which established a 60-day negotiation window that may be extended.
However, the situation remains uncertain. Iran has again ordered the potential closure of the Strait of Hormuz, a critical shipping route whose reopening under the agreement had previously driven oil prices down around 9% and supported risk assets.
Despite sending delegates to Switzerland, Tehran’s renewed threats have revived the same uncertainty the deal was meant to resolve.
As a result, crypto markets remain range-bound, reacting to external geopolitical developments rather than internal momentum.
A full closure of the Strait of Hormuz would likely push oil prices higher and weigh on risk assets including bitcoin, while a durable ceasefire could remove a key overhang for markets.
