Crypto Daybook AmericasU.S.-Iran Peace Deal Boosts Markets Amid Middle East Uncertainties

Your day-ahead look for June 15, 2026

By James Van Straten|Edited by Sheldon Reback Jun 15, 2026, 11:58 a.m. 3 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Oil is poised to resume transit through the Strait of Hormuz. (Gerhard Traschütz/Pixabay)SummaryShow

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During the weekend, President Donald Trump announced that a peace agreement between the U.S. and Iran is set to be signed on June 19.

The deal includes the lifting of the U.S. naval blockade and the reopening of the Strait of Hormuz. As a result, crude oil prices dropped by 5% to about $80 per barrel, representing a 33% decrease from the peak of $120 observed in early March.

Equity markets reacted positively to the announcement, with global indexes generally rising, with the exception of Tel Aviv. In the U.S., stocks saw an uptick in pre-market trading, notably the Invesco QQQ ETF, which tracks the Nasdaq 100 index, increasing by 2% during this period.

Bitcoin BTC$66,178.46 and gold prices also experienced gains. Bitcoin momentarily surpassed $66,000 and was up 2.7% over the past 24 hours, primarily following Trump's announcement. Gold rose nearly 3% in the same timeframe, trading above $4,330 per ounce.

This ceasefire is set to last for another 60 days while discussions for a final agreement continue. However, it's important to recognize the many changes in negotiations in recent months, marked by ceasefires, collapses, and renewed agreements, indicating that achieving a lasting resolution may be complex.

Additionally, on June 17, Federal Reserve Chair Kevin Warsh will conduct his first FOMC meeting. Currently, markets are pricing a 97% chance that the Fed will maintain the federal funds rate at 3.50%-3.75%.

With the recent drop in oil prices, investors have adjusted their expectations and are no longer anticipating any interest rate hikes for this year. The next expected 25 basis-point increase has been postponed to January 2027, though this outlook may shift if conditions in the Middle East deteriorate. Remain vigilant!

For further insights on today's altcoin and derivatives activity, check out Crypto Markets Today. To see a comprehensive list of events this week, refer to CoinDesk's "Crypto Week Ahead."


What’s trending

Today’s signal

(TradingView)

The chart illustrates the weekly price changes of bitcoin alongside its Fibonacci levels and relative strength index (RSI).

Bitcoin's price rebounded from a support level of $60,000, established at the 0.618 Fibonacci retracement. However, even at its current price of $65,600, it remains in a broader downtrend characterized by a series of lower highs.

The RSI is currently weak at 37, and a weekly close above $66,000 would indicate a tentative recovery. Conversely, failing to reach this level would keep the $60,000 support vulnerable. Should it break above, the next resistance levels are at $68,900 and then between $80,000-$82,500.

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