Bitcoin punched past $67,000 for the first time in two weeks Monday, after President Trump promised — and then delivered — a deal with Iran over the weekend. The price had been stuck in a tight range between $61,000 and $64,000 since a dip below $60,000 earlier this month. Saturday's promise and Sunday evening's announcement sent Bitcoin from just under $64,000 to $66,000 in hours. Monday morning it briefly tapped $67,000 before settling above $66,000.
The Iran deal effect
Trump said Saturday he had reached a deal with Iran, then confirmed the agreement Sunday night. The news broke the crypto market's weeks-long sideways grind. Bitcoin had been trading in a narrow channel since recovering from a first-week-of-June dump below $60,000. The weekend announcement gave traders the catalyst they'd been waiting for — a geopolitically driven risk-on move. The timing isn't bad: total crypto market cap jumped $25 billion in a day, hitting over $2.350 trillion.
Altcoins join the rally
Ethereum climbed past $1,800 and touched $1,850 for the first time since the start of June. Hyperliquid's native token HYPE kept its hot streak alive, surging past $70 after another double-digit pump. XRP rose to nearly $1.30 on improved sentiment. SOL hit $74. XLM and UNI both gained over 12%, with XLM at $0.21 and UNI near $3. ZEC added 5% to land at $523.
Losers and the broader market
Not everything moved up. TON and TAO each dropped more than 5%, a reminder that even in a broad rally some tokens get left behind. Bitcoin dominance held at 56.5% with a market cap of $1.330 trillion, suggesting the rally was broad but still led by the largest asset. The question now is whether the Iran deal provides enough fuel to break the $67,000 resistance cleanly, or if the market stalls again near that level.
