Bitcoin Breaks Above $65K After US–Iran Truce Boosts Risk Appetite

Bitcoin climbed to its highest level in nearly two weeks after the United States and Iran announced an agreement to end hostilities and reopen the Strait of Hormuz, easing geopolitical tensions and lifting global risk sentiment.

The move saw Bitcoin rise nearly 3.5% on Monday, reaching around $65,900. Ethereum gained as much as 4% to $1,730, while major altcoins including Solana and XRP also posted stronger gains.

Recovery Follows Sharp Correction Below $60K

The rebound comes after a volatile selloff that pushed Bitcoin below $60,000, marking its lowest level since October 2024.

The decline was intensified by outflows from spot Bitcoin exchange-traded funds and market reactions to disclosures from Strategy, the Bitcoin accumulation vehicle led by Michael Saylor, which revealed minor sales of its holdings.

Technical Levels and Market Concerns Remain in Focus

Market participants continue to monitor key technical thresholds as volatility persists.

“The key level to watch for Bitcoin is $67,000, which has a confluence of factors including volumes and moving averages,” said Pratik Kala, portfolio manager at Apollo Crypto. He added that concerns around Strategy’s exposure “have not been fully cleared, but the market is currently overlooking them.”

US–Iran Truce Boosts Global Risk Appetite

Sentiment improved after US President Donald Trump said a peace deal with Iran was “now complete” and confirmed that the US would end its blockade of the Strait of Hormuz, a critical global energy shipping route.

The announcement helped restore risk appetite across global markets, pushing Asian equities higher and lifting S&P 500 futures by roughly 1%. Brent crude fell more than 4% on easing supply disruption fears.

Markets Turn Attention to the Federal Reserve

Attention now shifts to a critical macroeconomic week, with Kevin Warsh set to hold his first meeting as Federal Reserve chair. Investors are watching closely for signals on the future path of interest rates.

“This week is all about the Fed on Wednesday,” said Sean McNulty, Asia-Pacific derivatives trading lead at FalconX. “Markets expect a shift from easing to neutral or hawkish policy, and a hawkish surprise is the main downside risk for crypto.”

Despite the rebound, analysts warn that crypto markets remain highly sensitive to macroeconomic signals and liquidity flows from exchange-traded funds, which continue to play a decisive role in price direction.