Bitcoin Rebounds to $66,500 After Iran Peace Deal Eases Macro Pressure

Bitcoin recovered 11% from its June 5 low near $59,000 to $66,500, driven by a US-Iran peace deal that eased oil prices and inflation fears, plus continued institutional buying from Strategy and Strive.

• Bitcoin hit a low of $59,000 on June 5, its weakest since October 2024, before recovering to $66,500
• President Trump announced a peace deal with Iran, reopening the Strait of Hormuz and sending oil prices down 4%
• The deal removed three macro headwinds at once: high oil, inflation fears, and Fed rate-hike pressure
• Strategy bought 1,587 BTC for $100 million, bringing its total holdings to 846,842 BTC
• Strive also accumulated 32 BTC during the dip, improving its average cost basis by 14%

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