Bitcoin Price Climbs Above $65K as US-Iran Peace Deal Lifts Markets

The Bitcoin price climbed above $65,500 on Monday after the United States and Iran announced a peace deal that is expected to reopen the Strait of Hormuz and ease pressure from energy markets.

The move pushed Bitcoin above its highest level in nearly two weeks, extending its rebound from last week's drop below $60,000.

According to crypto.news market data, BTC traded near $65,759, up about 2.2% over 24 hours, with its daily high near $65,893.

The deal was confirmed by statements from U.S. President Donald Trump, Pakistani Prime Minister Shehbaz Sharif, and Iranian state media.

The peace deal had a positive impact on the broader market, with Asian stocks rallying and oil prices falling.

However, some analysts remain cautious about Bitcoin's technical signals, which show a weak higher-timeframe setup.