Bitcoin Surges Past $65,000 as Middle East Tensions Ease

Bitcoin surged past $65,000 on June 15, driven by eased Middle East tensions after US President Trump announced progress in talks and the reopening of the Strait of Hormuz. This sparked a market rally with oil prices dropping and crypto market cap rising over 2%. The price briefly climbed to $67,210, its highest since June.

On-chain data shows major holders stopped selling and started accumulating, with large withdrawals from exchanges indicating long-term holding. Institutional buying, including Strategy's recent $100M BTC purchase, supports the rally. However, analysts remain divided on whether Bitcoin has truly bottomed, with some warning of potential dips while others see the rally as a recovery sign amid easing risks.