Bitcoin Price Dips Amid US-Iran MoU, But Santiment Sees Long-Term Gains

On June 16, 2026, Bitcoin's price dipped by 1.4% to an intraday low of $65,301 amid a US-Iran memorandum of understanding (MoU). This decline was accompanied by $81 million in derivatives liquidations, highlighting the volatility in short-term markets.

Despite this, blockchain analytics firm Santiment suggests that the MoU could lead to sustained capital rotation into Bitcoin as geopolitical stability reduces risk premiums. This could potentially support a longer-term bull market for the cryptocurrency.

Rick Rieder, Blackrock's CIO of Global Fixed Income, also expressed optimism about Bitcoin's long-term growth potential. He believes that Bitcoin will go 'considerably higher' over time despite its recent price drop of around 50% from its peak.