Bitcoin Reclaims $65,000 as US-Iran Peace Deal Hopes Boost Risk Assets

Bitcoin climbed back above $65,000 as hopes for a peace agreement between the US and Iran lifted risk appetite across markets. Easing geopolitical tensions pushed oil prices lower and Asian stocks higher, helping revive demand for crypto assets.

The Block reported on June 15 that Bitcoin was trading at $65,793, up 2.4% over the past 24 hours. The token rebounded from its weekend low near $63,600 to retake the $65,000 level.

Major altcoins also rose. Ether gained 2.8% to $1,720, XRP advanced 3.5% to $1.19, and Solana climbed 4.2% to $71.11.

The rebound followed reports that the US and Iran had reached a peace agreement, raising expectations for easing geopolitical tensions. CNN reported that the two countries had agreed to a deal set to take effect on Friday. President Donald Trump also said that after the agreement is signed, the US would lift its maritime blockade and the Strait of Hormuz would reopen.

Dominic John, an analyst at Zeus Research, said markets were repricing risk after reports of a US-Iran peace deal and the reopening of the Strait of Hormuz. He added that the move appeared to be driven more by positioning and a rotation into risk assets than by a change in underlying fundamentals.

Min Jung, a researcher at Presto Research, also tied the gains in Bitcoin and Ether to improving risk sentiment. The peace-deal report eased concerns about further geopolitical escalation, she said.

Some analysts, however, said the rebound looked less like a crypto-specific catalyst and more like a beta-driven move tied to broader macro relief. Rick Maeda, head of markets at Laevitas, said recent price moves in digital assets reflected a macro relief rally amplified by thin weekend liquidity rather than crypto-native developments.

Falling oil prices also supported the rebound in risk assets. West Texas Intermediate futures fell 4.84% to $80.77 a barrel, while Brent crude dropped 4.33% to $83.53. Lower crude prices helped ease inflation concerns and could reduce pressure on central banks to maintain tight policy, supporting sentiment in both equities and crypto.

Asian stock markets also rose. Japan's Nikkei 225 jumped about 4.89% intraday, while South Korea's Kospi gained 5.63%. Hong Kong's Hang Seng Index and China's Shenzhen Component Index rose 0.45% and 2.53%, respectively.

Jeff Ko, chief analyst at CoinEx, said the main driver of the crypto rebound was a decline in the macro risk premium after Trump signaled a US-Iran agreement was near. Oil prices fell and Asian markets rallied at the same time, he added.

Markets are now watching for confirmation of a final agreement, the terms for reopening the Strait of Hormuz and whether oil prices continue to fall. The Federal Reserve is also scheduled to hold a monetary policy meeting this week, adding another variable for the interest-rate outlook and the direction of risk assets.

Bitcoin's recovery of the $65,000 level has also improved sentiment toward altcoins. Still, analysts said the latest gains bore the hallmarks of a relief rally driven by easing geopolitical risks, meaning investors should watch whether Bitcoin can hold those levels, whether trading volumes recover and whether a final peace agreement is formally signed.