Asian equities and technology stocks climbed after the U.S. and Iran agreed on a roadmap toward a final peace deal, a development that pushed oil prices below $80. Crypto markets, however, remained subdued, with bitcoin down about 2% on the week and memecoins among the weakest performers.

Bitcoin started the week hovering near $64,000, failing to join the rally in Asian equities as optimism built around progress in U.S.–Iran talks aimed at a more lasting agreement.

The token traded around $63,996 on Monday, down 0.4% over 24 hours and 2.2% on the week, according to CoinDesk data. Elsewhere in crypto, performance was mixed: solana rose 3.7% to $74 and tron gained 2.2%, while ether was little changed at $1,733. Losses were deeper among large caps, with BNB down 4.2%, XRP off 4.3% to $1.13, and dogecoin lagging with a 6.5% weekly drop. Hyperliquid’s HYPE fell 5% on the day, cooling to a 1.9% weekly gain after strong recent momentum.

Despite a more constructive macro backdrop, crypto failed to participate in the risk-on move. The U.S. and Iran agreed on a 60-day roadmap toward a final peace deal, while Brent crude slipped 1.7% to roughly $79 per barrel.

Asian equities, tracked by an MSCI index, rose 0.6%, led by a technology-driven rally supported by continued enthusiasm around artificial intelligence. U.S. equity futures were softer, with S&P 500 contracts down 0.5%.

Mediators Qatar and Pakistan said in a joint statement reported by Bloomberg that progress had been made, including a framework for further technical talks and a communication channel to help ensure safe passage of commercial shipping through the Strait of Hormuz.

However, the situation remains fragile. Talks reportedly began unevenly on Sunday after Iran briefly paused participation following renewed strike threats from President Donald Trump tied to regional tensions, before both sides agreed to establish communication channels to prevent escalation.

Bitcoin has broadly tracked risk assets throughout the Iran-related developments but started the week flat even as equities advanced. The key question ahead is whether the 60-day roadmap holds—and whether crypto eventually reconnects with improving risk sentiment or continues to trade in a narrow range below early-June levels.