Bitcoin rose to its highest level in nearly two weeks on Monday after the United States and Iran announced a peace deal expected to reopen the Strait of Hormuz and ease pressure from energy markets.
Summary
- Bitcoin recovered above $65,500 as the U.S.-Iran deal eased oil and inflation fears across markets.
- ETF outflows and Strategy’s small BTC sale still raise doubts about sustained institutional demand ahead.
- Technicals show weaker downside pressure, but BTC still needs volume above $68,000 to confirm recovery.
The move pushed bitcoin above $65,500, extending its rebound from last week’s drop below $60,000. According to crypto.news market data, BTC traded near $65,759, up about 2.2% over 24 hours, with its daily high near $65,893.
Meanwhile, the market reaction followed statements from U.S. President Donald Trump, Pakistani Prime Minister Shehbaz Sharif, and Iranian state media confirming that an agreement had been reached.
Trump wrote on Truth Social that “The Deal with the Islamic Republic of Iran is now complete,” and said he had authorized the reopening of the Strait of Hormuz and removal of the U.S. naval blockade. The full text has not been released, and reports said the formal signing is set for Friday.
Oil prices fell after the announcement. Brent crude dropped more than 4% toward $83 a barrel as traders removed part of the premium that had kept energy prices high since late February.
Lower oil prices can ease inflation pressure and reduce fears that central banks may keep rates higher for longer. Asian stocks rallied, Japan’s Nikkei 225 advanced toward a record close, and U.S. stock futures climbed as the dollar weakened.
Bitcoin rebound follows sharp selloff
Bitcoin had been under pressure before the deal. The asset fell below $60,000 last week, marking its weakest level since October 2024. That decline came as oil stayed elevated, inflation concerns rose, and traders pulled money from risk assets. The peace deal reversed part of that move, putting BTC about 9% above last week’s low.
Bitcoin is now testing the upper end of the $60,000 to $65,000 support area. The next key area sits near $68,000, where sellers may try to stop the recovery. The broader crypto market also gained. Ether rose to about $1,721, solana traded near $71, XRP moved close to $1.19, and Hyperliquid’s HYPE rose more than 7% to near $65.
CoinGlass data showed more than 102,000 traders liquidated over 24 hours, with total liquidations near $338.3 million. The largest single order was a $6.1 million BTCUSDT liquidation on Binance.
Bitcoin technical signals remain mixed
Bitcoin’s chart still shows a weak higher-timeframe setup. BTC has formed lower highs and lower lows since late 2025, and the recent bounce has not reclaimed the $80,000 resistance zone. That keeps sellers in control of the broader structure, even as the short-term move has improved.
The MACD line remains below the signal line, showing that bearish momentum has not fully faded. The histogram has turned slightly positive, but the move remains small.
The RSI stands near 41.8, below the neutral 50 level, while the RSI moving average near 26.9 points to recent oversold conditions. Volume has also declined compared with the larger rally and distribution phases seen in 2024 and 2025. A stronger move above $68,000 would need higher volume to confirm demand.
ETF flows and Strategy sale remain in focus
The peace deal removes one macro pressure point, but it does not answer every question facing bitcoin. Spot Bitcoin ETF outflows remain a concern after U.S.-listed products saw a long redemption streak between mid-May and early June. As previously reported by crypto.news, ETF withdrawals played a major role in the latest BTC pullback.
Strategy’s sale also changed market psychology. The company sold 32 BTC between May 26 and May 31 for about $2.5 million, with proceeds expected to help fund preferred stock distributions. Strategy later said the transaction was a process test, not a sign of cash stress.
In addition, crypto analyst Crypto Lens offered a more bearish view, saying BTC had rejected a long-term resistance area and could move toward $48,000 or $43,000 if the downtrend continues. That forecast remains one scenario, not a market consensus.
For now, bitcoin needs a clean move above $68,000 to extend the rebound. A failure to hold $60,000 to $65,000 would put last week’s low back in focus. Traders will also watch whether ETF flows improve with the risk-on mood or stay weak after the Iran relief trade fades.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
