Bitcoin surges on news of a peace deal between the U.S. and Iran – Bloomberg
Bitcoin is surging following reports of a peace deal between the U.S. and Iran. Analysts attribute the rise in the cryptocurrency’s price to reduced geopolitical tensions, which traditionally support demand for risky assets, including digital currencies.
On Monday, June 15, Bitcoin rose to its highest level in nearly two weeks following a statement by the U.S. and Iran announcing an agreement to cease hostilities and reopen the Strait of Hormuz.
The most popular cryptocurrency rose 3.1% to $65,958, after which it corrected slightly. In the morning in New York, it was trading around $65,600. Ethereum, the second-largest cryptocurrency, rose 3.7% to $1,731.
The rally in the crypto market followed a period of sharp volatility: earlier this month, Bitcoin fell below $60,000—its lowest level since October 2024. Additional pressure came from sales by Michael Saylor’s investment firm Strategy, which announced this month that it had sold part of its Bitcoin holdings, as well as significant outflows from exchange-traded funds.
Analysts note that a reduction in geopolitical tensions could support risk assets, including cryptocurrencies, especially if it leads to a drop in oil prices and lower inflation expectations.
Currently, investors have returned to risky assets following statements by U.S. President Donald Trump that a peace deal with Iran is allegedly “finalized” and that the U.S. is lifting its blockade of the Strait of Hormuz. Against this backdrop, European stock indices rose, U.S. stock futures also climbed, and Brent crude oil fell by more than 4%.
At the same time, the market remains sensitive to decisions by the U.S. Federal Reserve. It is expected that this week the regulator may shift from a dovish stance to a neutral or even more hawkish one, writes Bloomberg.
Earlier in Germany, it was revealed that an AI had been working in place of the Minister of Digitalization
OpenAI fired an employee over suspicions of using confidential information to place bets on the market for predictions regarding events at the company.
