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Bitcoin climbed above $65,000 late Sunday as reports of a U.S.-Iran peace agreement lifted risk appetite across markets. The world’s largest cryptocurrency rose 2.4% in 24 hours to $65,793. Ethereum gained 2.8% to $1,720. XRP added 3.5% to $1.19, while Solana rose 4.2% to $71.11.
The move followed CNN reporting that the U.S. and Iran had reached a peace deal. The report said the agreement would take effect on Friday. President Donald Trump also said the U.S. would lift its naval blockade. He added that the Strait of Hormuz would reopen after the agreement is signed.
Analysts linked the rally to a broad shift in market sentiment. Dominick John of Zeus Research said markets were repricing risk after the peace-deal reports. He said the move reflected positioning and risk rotation rather than a change in fundamentals.
Min Jung of Presto Research gave a similar view. Jung said bitcoin and ether likely rose as concerns over more geopolitical escalation eased. Rick Maeda of Laevitas said the move was “macro relief beta” driven by thin weekend liquidity. He said it was not a crypto-native story.
Crude oil prices also fell sharply. WTI crude futures dropped 4.84% to $80.77 per barrel. Brent crude fell 4.33% to $83.53 per barrel. The decline pushed both contracts to their lowest levels in more than three months.
Asian stocks opened higher on Monday. Japan’s Nikkei 225 jumped roughly 4.89% by midday. South Korea’s Kospi rose 5.63%. Hong Kong’s Hang Seng Index added 0.45%, while China’s Shenzhen Component Index gained 2.53%.
Jeff Ko of CoinEx said the crypto bounce came from lower macro risk premiums. He linked the shift to Trump’s latest signal that a U.S.-Iran deal may be close. The news also pulled oil lower and lifted Asian markets at the same time.
Traders now watch for more confirmation on the deal. They are also tracking Hormuz terms, any renewed escalation, and crude’s next move. Maeda said these factors now sit beside a heavy central-bank week.
The Federal Reserve is set to meet this week under new Chair Kevin Warsh for the first time. Jeff Mei of BTSE said the press conference should show how Warsh may approach rate policy for the rest of the year.
Read More: What’s Driving Bitcoin’s Worst Weekly Drop Since February 2026?
Bitcoin traders usually focus on the Fed. This week, the Bank of Japan may matter more. The BOJ is widely expected to raise its benchmark rate to 1% from 0.75% on Tuesday, which would be its highest level since 1995.
Leveraged funds held more than 115,000 speculative short yen contracts in the week ended June 9. That was the highest level since November 2017, according to CFTC data.
Bitcoin climbed above $65,000 after reports of a U.S.-Iran peace deal eased market tension and boosted risk sentiment. Ethereum, XRP, and Solana also rose, while Asian stocks gained and oil prices fell. Traders now watch deal confirmation, central banks, and the Bank of Japan closely.
