SpaceX $1.7T IPO and Iran Peace Hints Lift Bitcoin to $64K

Ethereum traded below $1,700, up 2% on the day. Solana jumped 3.7% to $68, making it the strongest large-cap performer. XRP held near $1.15. The DeFi sector as a whole was flat over the week, showing that capital is concentrating in major tokens rather than flooding the long tail.

The Fear and Greed Index from Alternative.me sits at 12, still in Extreme Fear territory. That number has not moved from last week, meaning retail sentiment has not caught up with price action. Markets climbing a wall of worry is an old pattern. When prices rise without belief, sidelined cash often piles in later.

For traders watching levels, Bitcoin reclaiming $64K is technically significant after touching $60K. The $60K zone has now been tested and held. If BTC can sustain above $64K and push toward $65K-$66K, the bounce has a chance to extend beyond a sentiment-driven dead cat. The extreme fear reading, paradoxically, often precedes strong rallies when prices are already moving up.

The biggest risk is that the macro tailwinds are temporary. An IPO pop and a diplomatic hint are not structural changes in monetary policy or regulation. If SpaceX shares trade poorly in the aftermarket or Iran tensions re-escalate, the same sentiment lift can reverse quickly. A pullback to $62K would test whether this move has real support or is just a headline reaction.

Bitcoin last changed hands at $63,800 late Friday.