Bitcoin (BTC) Price: BTC Breaks $65K After US-Iran Peace Deal – Analyst Sees 8% Rally Ahead

TLDR

• Bitcoin reached $65,881 on Monday, its highest price in 12 days, after the US and Iran announced a peace deal
• The agreement includes an end to hostilities and the reopening of the Strait of Hormuz within 30 days
• Bitcoin had not been above $66,000 since June 3 and remains 48% below its all-time high of over $126,000
• Spot Bitcoin ETFs saw $315.8 million in outflows last week, easing from over $1 billion in prior weeks but marking a fifth consecutive week of outflows
• WTI crude oil dropped 5% to just over $80 per barrel while the broader crypto market gained 2% in total capitalization

Bitcoin (BTC) climbed to $65,881 on Monday after the United States and Iran announced a peace agreement that would end their war and reopen the Strait of Hormuz. The price marks Bitcoin’s highest level in 12 days, though it stayed just below the $66,000 mark.

US President Donald Trump announced the deal on Sunday via Truth Social, writing that the agreement with Iran was complete. He authorized the reopening of the Strait of Hormuz and the removal of the US Naval blockade.

Iran’s deputy foreign minister, Kazem Gharibabadi, confirmed the agreement on state television. Iran’s Supreme National Security Council said the war would “end immediately and permanently beginning tonight” and that the US blockade would be “terminated immediately and in full.”

Crypto analyst Ted Pillows weighed in early, writing that $BTC was trying to break above the $65,000 level and that if it did, Bitcoin could see a quick 6%–8% rally. That breakout did materialize, with BTC climbing through $65,000 shortly after the announcement.

The deal is expected to be signed on Friday under mediation by Pakistan, according to the Associated Press. It has not yet been fully implemented, and some analysts noted the possibility of last-minute complications.

Market Reaction

Andri Fauzan Adziima, research lead at Bitrue Research Institute, said the deal “removes a major geopolitical risk premium, triggering a clear risk-on move as uncertainty fades.” He described traders rotating back into crypto as oil pressure eased under a pro-crypto administration.

The broader crypto market gained 2% in total capitalization on the day. Several altcoins outperformed, including Hyperliquid (HYPE), Zcash (ZEC), and Near Protocol (NEAR), some posting double-digit gains.

Oil markets also moved sharply. WTI Crude fell 5% to just over $80 per barrel, its lowest since early March. Brent Crude dropped 4.6% to $83.30.

Bitcoin ETF Outflows Continue

Spot Bitcoin ETFs recorded $315.8 million in outflows last week, down from over $1 billion in each of the prior four weeks. However, it still marked a fifth consecutive week of net outflows from institutional products.

Bitcoin remains 48% below its peak of over $126,000 set in October. The crypto had briefly fallen below $60,000 on June 6 before recovering.

The Federal Reserve is due to make its next interest rate decision on Wednesday, the first under new chair Kevin Warsh. The CME Fed Watch tool currently shows a 96.6% probability that rates will stay unchanged at 3.5%–3.75%.

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