Bitcoin Surges Past $65K as US-Iran Ceasefire Hopes Emerge

The US and Iran have agreed to a tentative ceasefire, pending a formal signing ceremony scheduled for June 19 in Geneva.

The agreement, announced by President Trump on June 15, aims to end the conflict that erupted in late February 2026 and includes the immediate halt of military operations, the reopening of the Strait of Hormuz, and the lifting of the US naval blockade.

The deal also carves out a 60-day negotiation window for addressing Iran's nuclear program.

Crypto markets responded positively to the news, with Bitcoin climbing above $65,500, hitting a two-week high as traders priced in the possibility that the conflict might wind down.