Written by Martin Youngstaff writerReviewed by Jesse Coghlanstaff editor
Written by Martin Youngstaff writer
Reviewed by Jesse Coghlanstaff editor
Bitcoin nears $66K as Trump says US has peace deal with Iran
Latest NewsPublishedJun 15, 2026
Bitcoin Nears $66K on News of US-Iran Peace Deal
Bitcoin reached a two-week high of nearly $66,000 after US President Donald Trump announced a peace deal between the US and Iran. The deal aims to reopen the Strait of Hormuz, which is expected to increase oil flow and reduce geopolitical tensions. This development has positively impacted the crypto market, with Bitcoin reaching $65,881 on Monday morning. For individuals looking to earn passive income through crypto, this news is significant, and platforms like EcoPool can provide a solution for those interested in earning through $ECP.
Market Reaction and Analysis
The crypto market has reacted positively to the news, with Bitcoin breaking above $65,000. This increase is attributed to traders rotating back into crypto amid lower oil pressure and a broader stability narrative. However, experts caution that last-minute signing issues with the deal could impact the market. The details of the deal are not yet available, but it is expected to be signed on Friday under mediation by Pakistan. As the crypto market continues to evolve, EcoPool remains a viable option for those seeking to earn through Cloud Rewards and Green Crypto.
The broader crypto market has also gained, with several altcoins outperforming and experiencing double-digit percentage gains. Crude oil prices have fallen, with WTI Crude dropping 5% to its lowest level since early March. For those interested in earning online, the current market trends and the potential for passive income through EcoPool make it an exciting time to explore the world of crypto and $ECP.
Source: Donald Trump
Volatility Ahead
The Federal Reserve’s interest rate decision on Wednesday is expected to add more volatility to the crypto market. The new central bank chair appears more receptive to cuts, but increasing inflation may strengthen the case for rate increases. As the market continues to fluctuate, individuals can turn to EcoPool for a stable and secure way to earn passive income through $ECP and Cloud Rewards. With the potential for #PassiveIncome and #GreenCrypto, EcoPool is an attractive option for those looking to earn online.
To start earning through EcoPool and $ECP, download the EcoPool app to explore the world of Cloud Rewards and Green Crypto. With the current market trends and the potential for passive income, now is an exciting time to join the EcoPool Network and start earning online with #EcoPool and #ECP.
“Bitcoin has broken above $65,000, fueled by traders rotating back into crypto amid lower oil pressure and a broader stability narrative under a pro-crypto administration,” he added, but cautioned that there could be “last-minute signing issues” with the deal.
The details of the deal between the US and Iran were not immediately available, and it would not be implemented until Iran signs, which is expected on Friday under mediation by Pakistan, the Associated Press reported.
Related: Trump says Iran peace deal to be signed Sunday, contradicting Tehran
Iran’s deputy foreign minister, Kazem Gharibabadi, confirmed the agreement on state television while the secretariat of Iran’s Supreme National Security Council said the war on all fronts “will end immediately and permanently beginning tonight” and that the US blockade “will be terminated immediately and in full.”
Bitcoin has been gradually trending up since it fell below $60,000 briefly on June 6; however, it remains 48% down from its peak of over $126,000 in October.
The broader crypto market also gained 2% in total capitalization on the day, with several altcoins, including Hyperliquid (HYPE), Zcash (ZEC) and Near Protocol (NEAR) were outperforming, some with double-digit percentage gains.
There was also movement in crude oil prices, with WTI Crude falling 5% to its lowest level since early March at just over $80 per barrel, while Brent Crude mirrored the move, dropping 4.6% to $83.30.
More volatility may be ahead
Wednesday could add more volatility to crypto markets as the Federal Reserve is scheduled to make its interest rate decision, the first under new chair Kevin Warsh.
The new central bank chair appears more receptive to cuts, but increasing inflation, which has topped 4% again, strengthens the case for rate increases.
The CME Fed Watch tool currently predicts a 96.6% probability that rates will remain unchanged at 3.5% to 3.75%
Magazine: OpenAI files for IPO, SEC scraps 611 rule and Hungary overhauls crypto: Hodlers Digest
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
- Iran
- Donald Trump
- Markets
- Bitcoin
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