Bitcoin jumps to $65,700 after US and Iran reach interim peace deal

Bitcoin rose to $65,700 after the US and Iran reached an interim agreement to end hostilities and reopen the Strait of Hormuz. WTI crude plunged nearly 5% while Nasdaq 100 futures rose 1.5%.

• Bitcoin rose 2% to $65,700, its highest level since the early June plunge below $60,000.
• The US and Iran agreed to an interim deal to be signed in Switzerland on Friday, June 19.
• WTI crude oil plunged nearly 5% to just under $81 per barrel, its softest in two months.
• Nasdaq 100 futures rose 1.5% and S&P 500 futures gained 0.9% on the news.

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Last updated 16 Jun 2026