Published on 6/15/2026
Bitcoin rose to its highest level in about two weeks, on Monday, as risk appetite improved in the markets after the United States and Iran announced they had reached an agreement to end the conflict and reopen the Strait of Hormuz.
The largest cryptocurrency rose by 1.9% to $65,620 at the time of writing these lines, after recording during the session a high level of $65,935 in a new recovery following a wave of turmoil that recently pushed it to fall below $60,000 to the lowest level since October 2024.
The gains extended to other major cryptocurrencies:
- Ether rose 2.4% to $1,715.77.
- Solana rose 4.4% to $71.21.
- XRP increased 2.6% to $1.18.
The rise of cryptocurrencies came as part of a broader wave in high-risk assets, after US President Donald Trump said that the peace agreement with Iran was “completed,” and that the United States would end its blockade of the strait, which is a vital trade corridor for global energy flows.
The geopolitical risk premium in the markets declined in conjunction with the decline in oil, as Brent crude futures contracts fell to $84.01 per barrel, down by 3.8%, with traders betting that the reopening of Hormuz will reduce the supply risks that have pressured the markets over the past weeks.
Careful recovery
Bitcoin was under strong pressure during the recent period, after the “Strategy” company, which was founded by Michael Saylor and is the largest institutional buyer of the cryptocurrency, revealed that it had sold a small portion of its holdings this month, which sparked a selling wave that was intensified by outflows from exchange-traded funds linked to Bitcoin.
Bloomberg quoted Pratik Kala, portfolio manager at the Apollo Crypto digital assets hedge fund, as saying that the main level to monitor in Bitcoin is $67,000, as technical factors come together, including trading volumes and moving averages.
Kalla added that the risks associated with Strategic have not yet dissipated, but the market is temporarily overcoming them in light of the improvement in risk appetite after the US-Iran agreement.
Cryptocurrencies are among the assets most affected by shifts in risk appetite and rates of return in the markets, as they usually benefit from expectations of monetary easing and increased liquidity, while they are exposed to pressure when bond yields rise or the possibility of tightening monetary policy increases.
The Fed is waiting
The recovery comes ahead of the Federal Reserve’s Open Market Committee meeting on June 16-17, a meeting that investors are watching for signals on the path of interest rates after months of market volatility and high energy-related inflation risks.
Bloomberg quoted Sean McNulty, head of derivatives trading for the Asia-Pacific region at Falcon
According to the Federal Reserve’s schedule, the June meeting is accompanied by the publication of a summary of economic expectations, which gives markets additional signals regarding policymakers’ estimates of the path of growth, inflation, and interest rates during the coming period.
