Bitcoin rises toward $66,000 as Trump peace claim lifts crypto and oil sentiment

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Bitcoin nears $66,000 on peace optimism

Highlights

Bitcoin rises to $65,881 on Coinbase, its highest in 12 days, as Trump announces a completed U.S.–Iran peace deal to reopen the Strait of Hormuz.
The wider crypto market gains 2% on the day, with altcoins like Hyperliquid, Zcash, and Near Protocol posting double-digit percentage increases.
WTI crude drops 5% to just above $80 and Brent crude falls 4.6% to $83.30 as energy markets react to the pending Iran agreement.

Market reaction to Iran deal claim

As reported by Cointelegraph, Bitcoin trades up after U.S. President Donald Trump says the U.S. has completed a peace deal with Iran that would reopen the Strait of Hormuz and remove the U.S. naval blockade.

Trump says in posts on Truth Social late Sunday that the agreement is complete and that oil shipments can resume, adding in a separate post that the deal is due to be signed on Friday. The Associated Press reports that details are not immediately available and that implementation does not begin until Iran signs, with Pakistan expected to mediate the process.

Bitcoin reaches $65,881 on Coinbase during Monday morning trading, according to TradingView, its highest level in 12 days. The asset has been trending higher since briefly falling below $60,000 on June 6, although it remains 48% below its peak of more than $126,000 in October.

Iran deputy foreign minister Kazem Gharibabadi confirms the agreement on state television, while the secretariat of Iran’s Supreme National Security Council says the war on all fronts will end immediately and permanently beginning tonight and that the U.S. blockade will be terminated immediately and in full.

Andri Fauzan Adziima, research lead at Bitrue Research Institute, tells Cointelegraph that the potential deal removes a major geopolitical risk premium and supports a risk-on move as uncertainty fades. He adds that Bitcoin’s break above $65,000 reflects traders rotating back into crypto amid lower oil pressure and a broader stability narrative, but warns that last-minute signing issues remain possible.

Broader crypto and policy volatility ahead

The wider crypto market also moves higher, with total capitalization gaining 2% on the day. Altcoins including Hyperliquid, Zcash and Near Protocol outperform, with some posting double-digit percentage gains.

Energy markets also react to the news. WTI crude falls 5% to just above $80 a barrel, its lowest level since early March, while Brent crude drops 4.6% to $83.30.

Further volatility may follow on Wednesday when the Federal Reserve is scheduled to announce its interest rate decision, the first under new chair Kevin Warsh. While the new chair appears more open to cuts, inflation rising back above 4% strengthens the case for holding or increasing rates, and the CME FedWatch tool currently shows a 96.6% probability that rates remain unchanged at 3.5% to 3.75%.

Our earlier coverage of the proposed U.S.-Iran agreement to reopen the Strait of Hormuz outlined how the announcement could ease pressure on oil and fuel markets after weeks of disruption. We also noted that the deal still faced uncertainty ahead of signing, keeping investors alert to ongoing risks to global energy shipments and price volatility.

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