Bitcoin Rises Above $65,000 as U.S.-Iran Peace Reports Lift Risk Assets

Crypto Markets React to Reported U.S.-Iran Peace Deal

Bitcoin, the world’s largest cryptocurrency, rose 2.4% over the past 24 hours to trade at $65,793, up from a weekend low of around $63,600, according to The Block’s BTC price page. Ethereum gained 2.8% to $1,720, XRP added 3.5% to $1.19, and Solana advanced 4.2% to $71.11.

Analysts linked the rally to reports that the U.S. and Iran have agreed to a peace deal set to take effect on Friday. CNN reported Sunday that the agreement includes lifting the U.S. naval blockade and reopening the Strait of Hormuz after the deal is signed. According to President Donald Trump, these steps will follow once the agreement is finalized.

“Markets are repricing risk after reports of a U.S.-Iran peace deal and the reopening of the Strait of Hormuz, triggering a broad risk-on move across assets,” said Dominick John, an analyst at Zeus Research. He noted that the move is driven by positioning and risk rotation rather than changes in underlying fundamentals.

Min Jung, research associate at Presto Research, also pointed to improved risk sentiment as a key factor, saying bitcoin and ether likely moved higher as concerns over further geopolitical escalation eased.

Rick Maeda, head of markets at crypto derivatives analytics platform Laevitas, described the recent price action as “macro relief beta, amplified by thin weekend liquidity, rather than a crypto-native story.” He said the move began after Trump’s comment on a U.S.-Iran framework, which reduced the risk premium in crude oil and the associated fear weighing on risk assets.

Oil Prices Slide as Asian Equities Rally

The same geopolitical developments coincided with a sharp decline in crude oil prices. WTI crude futures fell 4.84% to $80.77 per barrel, while Brent crude dropped 4.33% to $83.53 per barrel, their lowest levels in more than three months.

Asian equity markets opened higher on Monday. Japan’s Nikkei 225 jumped roughly 4.89% by midday, South Korea’s Kospi surged 5.63%, Hong Kong’s Hang Seng Index gained 0.45%, and China’s Shenzhen Component Index rose 2.53%.

“The crypto bounce was largely driven by macro risk-premium compression after Trump’s latest signal that a US-Iran deal is very near, pushing oil lower and lifting Asian markets in tandem,” said Jeff Ko, chief analyst at CoinEx.

Maeda noted that traders are monitoring further confirmation of the deal and specific terms for the Strait of Hormuz, as well as any potential re-escalation and the follow-through in crude prices. These developments come ahead of a heavy central bank week.

Additionally, the Federal Reserve is set to meet this week under new Chair Kevin Warsh for the first time. The subsequent press conference and his remarks are expected to “give us a sense of how he’ll approach rate policy for the rest of the year,” said Jeff Mei, COO of BTSE.

FAQ

What caused bitcoin to rise above $65,000?
Bitcoin’s move above $65,000 was linked by analysts to improved risk sentiment following reports of a U.S.-Iran peace deal and the expected reopening of the Strait of Hormuz, which reduced geopolitical risk concerns.

How did other major cryptocurrencies perform?
Ethereum rose 2.8% to $1,720, XRP increased 3.5% to $1.19, and Solana gained 4.2% to $71.11 over the same period.

What happened to oil prices during this period?
WTI crude futures declined 4.84% to $80.77 per barrel, and Brent crude fell 4.33% to $83.53 per barrel, reaching their lowest levels in more than three months.

How did Asian stock markets respond?
Asian equities opened higher, with Japan’s Nikkei 225 up about 4.89%, South Korea’s Kospi up 5.63%, Hong Kong’s Hang Seng Index up 0.45%, and China’s Shenzhen Component Index up 2.53% by midday Monday.