On the morning of June 15, the price of Bitcoin neared $66,000 following statements from U.S. President Donald Trump regarding the completion of a deal with Iran, the reopening of the Strait of Hormuz, and the lifting of the naval blockade.

15-minute BTC/USD chart from Binance. Data: TradingView.

On Binance, the price briefly reached $65,938—a local high since June 3.

"The deal with the Islamic Republic of Iran is complete," Trump wrote.

Source: Truth Social.

In another post, he announced that he had authorized the reopening of the Strait of Hormuz and the immediate lifting of the U.S. naval blockade.

Associated Press noted that the details of the agreements are still unknown. The agency reports that implementation will begin after Iran signs the deal. Pakistan, acting as a mediator, expects a meeting between the parties on Friday in Switzerland.

Iran's Deputy Foreign Minister Kazem Garibabadi confirmed the agreement during a broadcast on state television. The Secretariat of Iran's Supreme National Security Council stated that the war on all fronts would end "immediately and forever" starting the evening of June 15, 2026, and that the American blockade would be lifted "immediately and completely."

Major oil prices fell by about 5%.

Source: OilPrice.

The total market capitalization of the cryptocurrency market increased by over 2% in a day, reaching $2.24 trillion. Among the largest altcoins, HYPE from Hyperliquid showed the most significant growth, rising by 8.4%.

Source: CoinMarketCap.

It is worth noting that Galaxy Research concluded that the current Bitcoin market cycle has not yet reached its bottom, and the price could drop to the range of $40,000 to $46,000.