Bitcoin (BTC) rose to almost $67,000 in early Asian trading on 15 Jun, its highest level for 12 days, after confirmation of a ceasefire agreement between the US and Iran that ends nearly four months of conflict and reopens the Strait of Hormuz.
Bitcoin Rises as US-Iran Ceasefire Eases Oil Prices
15 June 2026 - 10:25 CEST
By Oihyun Kim
The agreement, confirmed by Pakistani Prime Minister Shehbaz Sharif, US President Donald Trump and Iran’s Foreign Ministry, marks a significant de-escalation in the region. Traders responded by moving out of safe-haven assets and into risk assets. Ether (ETH) rose to as much as $1,730 following the news.
With the European trading session in full swing, Bitcoin had eased slightly to $65,600 by 08:00UTC, while Ether traded at $1,715.
Broader risk appetite remained firm, with S&P 500 futures extending their gains. The contracts opened 46 points higher and by 08:00UTC were trading at 7,593 – 96 points above Friday’s close.
The US dollar came under pressure as investors scaled back bets on geopolitical stress. The DXY index, which tracks the US dollar against a basket of major currencies, opened 0.3% lower than Friday’s close and fell further to 99.52 by 08:00UTC, its lowest level in ten days. A weaker dollar generally supports risk assets such as Bitcoin, as it makes dollar-denominated investments more attractive to foreign buyers and often signals improved global liquidity and risk appetite.
Oil prices fell sharply as the ceasefire raised hopes that energy supplies would return to normal. Brent Crude futures were down more than 4% on Friday's close to $83.20, easing some of the inflation pressure that had weighed on global markets since late February.
Geneva signing on 19 Jun
The memorandum of understanding, to be signed on 19 Jun in Geneva, lifts the US naval blockade on Iranian ports, halts military operations across all fronts including Lebanon, and reopens the Strait of Hormuz under Iranian and Omani coordination after a 30-day mine-clearance period.
Pakistan and Qatar brokered the deal. Iran’s Supreme National Security Council and US officials confirmed the same terms. US Vice President JD Vance is expected to attend the signing.
Nuclear file remains open
The agreement defers Iran’s nuclear programme, sanctions relief, ballistic missiles and proxy support to 60 days of follow-on talks. Trump told the New York Times he would restart strikes if no final accord is reached. Israel, which was sidelined from the negotiations, conducted strikes in Beirut’s southern suburbs hours before the announcement.
Traders are also watching a heavy central bank calendar this week, including the Bank of Japan and the first Federal Open Market Committee meeting led by new Chair Kevin Warsh.
(Updated with market figures as of 08:00UTC on 15 Jun).
