Bitcoin surged above $65,800 on Monday after President Trump's Iran peace deal sent oil prices sliding and pumped risk assets. The 60-day ceasefire, which reopens the Strait of Hormuz and lifts the U.S. naval blockade on Iranian ports, also helped Ethereum reclaim $1,700. The broader crypto market added $60 billion in market cap as $250 million in short positions were liquidated.
Iran Deal Sparks Crypto Rally
The agreement extends the ceasefire by two months, permits Iran to resume oil exports, and reaffirms Tehran's commitment not to pursue nuclear weapons. Negotiations over Iran's enriched uranium stockpile will begin under international supervision. Oil prices fell on the news, pushing money into higher-risk assets like crypto.
Bitcoin's jump to $65,800 — its highest in weeks — came alongside a broad relief rally. The White House framed the deal as a foreign-policy win, and markets responded accordingly.
Japan's ETF Push Nears Reality
Japan's Financial Services Agency is preparing to allow spot crypto ETFs and investment trusts, according to regulatory sources. Major financial players — SBI, Rakuten, Nomura, Daiwa, SMBC, and Mizuho — are already building products. The country has 13 million crypto accounts holding roughly $34 billion, and a proposed tax cut from 55% to 20% could accelerate adoption.
Analysts estimate Japan's crypto ETF market could see $6.4 billion in inflows once it launches. The Bank of Japan's rate-hike path may pressure risk assets short term, but ETF launches could offset that drag.
MiCA Forces USDT off European Exchanges
Binance, Coinbase, Kraken, and Crypto.com have removed Tether's USDT for EU users as MiCA regulations take full effect. Tether chose not to apply for a license under the new regime, leaving exchanges little choice but to delist the stablecoin.
The move reshapes European access to the most-traded stablecoin, at least until licensed alternatives fill the gap.
Trump's Birthday UFC Event Adds Stablecoin Twist
The White House is hosting a UFC event on President Trump's 80th birthday. World Liberty Financial, the Trump-family crypto venture, will contribute $250,000 in USD1 stablecoins to the fight-night bonus pool. Eric Trump claimed the family has made over $1 billion in crypto from projects including Trump Coin and WLFI.
Trump has backed pro-crypto policies including Bitcoin and Ethereum ETFs and a potential Strategic Bitcoin Reserve.
The 60-day ceasefire window will shape near-term market direction, while Japan's ETF rollout and MiCA's stablecoin rules play out in parallel. None of these stories is resolved yet.
