US President Donald Trump's announcement of a deal between the US and Iran has sent shockwaves through the cryptocurrency market, particularly Bitcoin. On June 15, Bitcoin approached $66,000 after Trump announced that the agreement would reopen the Strait of Hormuz without transit fees.
The deal, which is expected to be finalized on Friday with Pakistan acting as mediator, has sparked renewed strength in Bitcoin, with analysts predicting a potential move towards $70,000. However, important risks remain, including Iran's nuclear program and the possibility that negotiations may stall.
Crypto analyst Crypto Candy noted that Bitcoin has reclaimed the $65,000 level and is holding steady for now, but warned that momentum could reverse if the price fails to hold above this level. Meanwhile, trader Michaël van de Poppe argued that market momentum is shifting in favor of cryptocurrencies, with room for further upside.