The price of Bitcoin has surged past the $65,000 level, following the announcement of a peace agreement between the United States and Iran.
The crypto asset climbed from the low-to-mid $63,000 range to over $65,500, marking a two-week high, after President Trump announced that the US had brokered a peace deal with Iran that would reopen the Strait of Hormuz.
In a post on Truth Social, he wrote,
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“THE DEAL WITH THE ISLAMIC REPUBLIC OF IRAN IS NOW COMPLETE! A tremendous victory for the United States, for Peace, and for the World. Nobody else could have done this — they all tried and failed miserably. I did it FAST! We have ended the horrible conflict. Iran has agreed to NO nuclear weapons — they will never have them under my watch. The Strait of Hormuz is now OPEN — toll-free — to all ships of the world. Let the oil flow! Gas prices will crash, and our economy will boom like never before. I authorized the immediate removal of the United States Naval blockade.
“Ships, start your engines! Pakistan and others helped, but it was my strength and determination that made it happen. The fake news said it couldn’t be done. Wrong again! Bitcoin is hitting new highs because smart people know a stable world under Trump means winning. The stock market loves it too. This is what strong leadership looks like — not the weak disasters we had before. Formal signing coming very soon. Congratulations to everyone, especially the great American people. AMERICA IS BACK, and we are making the whole world safer and richer.”
The breakthrough, mediated in part by Pakistan, eased geopolitical tensions that had weighed on global markets for weeks, particularly around energy supplies and the Strait of Hormuz.
The deal centers on key provisions, including the reopening of the Strait of Hormuz a critical chokepoint for global oil shipments, and Iran’s commitment to halt its nuclear weapons program.
President Donald Trump and Pakistani officials highlighted the memorandum of understanding (MOU) as a major step toward de-escalation, with an official signing expected in the coming days in Geneva.
Oil prices dropped sharply in response, falling over 4% as fears of supply disruptions eased.
The latest rebound has lifted BTC roughly 9% from those lows and reinforced the importance of the $60,000 zone.
The move reflected a classic “risk-on” sentiment, as reduced uncertainty boosted investor appetite for assets like Bitcoin.
Broader crypto markets followed suit, with many altcoins posting gains amid the relief rally. Ethereum (ETH) gained 2.8% to $1,720, XRP added 3.5% to $1.19, and Solana rose 4.2% to $71.11.
With Bitcoin now trading near the top of the $60,000-$65,000 recovery range, attention turns to the next hurdle around $68,000.
Market Context and Reactions
Geopolitical risk had kept Bitcoin range-bound in recent sessions, with traders closely watching developments in the Middle East.
The announcement removed a significant premium tied to potential disruptions in oil markets and global stability.
Analysts noted that while the initial spike was sharp, sustainability would depend on the deal’s implementation and upcoming macroeconomic events, such as the Federal Reserve’s interest rate decision.
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 of Zeus Research. “This move is driven by positioning and risk rotation rather than a shift in underlying fundamentals.”
Min Jung, research associate of Presto Research shared similar views, saying bitcoin and ether likely moved higher on improving risk sentiment after reports of the peace agreement eased concerns around further geopolitical escalation.
Some other analysts have cautioned that the rally could face profit-taking, while others viewed it as the start of renewed bullish momentum.
Outlook
The US-Iran peace framework marks a notable shift after months of heightened tensions. For Bitcoin, it reinforces its sensitivity to macro and geopolitical catalysts.
With oil prices lower and risk appetite returning, attention now turns to whether BTC can sustain gains above $65,000 and challenge higher resistance levels in the weeks ahead.
This development underscores Bitcoin’s evolving role as a barometer for global risk sentiment, capable of rapid moves when major uncertainties resolve.