Bitcoin jumped to $66,000 on Monday morning — its highest in nearly two weeks — after President Donald Trump said on his Truth Social account that a permanent deal with Iran is “essentially complete.” The sudden move added more than $50 billion to total crypto market cap in a matter of hours, pushing it to $2.33 trillion.
The Trump catalyst
Trump posted the announcement Sunday evening, after earlier promising on Saturday that a deal would be announced Sunday. The timing wasn’t clean: Israel launched attacks against Lebanon on Sunday, creating fresh uncertainty in the region. But the president’s late-night message — delivered unilaterally, without an accompanying joint statement from Iran — was enough to flip the mood in crypto markets. Bitcoin started pumping almost immediately.
The price spike comes after a rocky stretch. BTC fell from $73,000 at the start of June to a multi-month low of $59,100, then crawled back. Earlier last week, it hit resistance near $64,000 as new Middle East attacks weighed on risk assets.
Market reaction
Bitcoin’s market cap hit $1.315 trillion. Its dominance over altcoins stayed above 56.5%, per CoinGecko. That dominance number suggests investors piled into BTC first, but altcoins caught up later.
Ethereum reclaimed $1,700 with a 2.5% gain. BNB traded near $620; XRP above $1.18; SOL above $70; ADA gained 6%. Some smaller names ran harder: HYPE jumped nearly 10%, ZEC surged 16% to near $500, WLD added 15% to $0.59. NEAR and JUP also posted double-digit gains.
The broad rally lifted market cap by over $50 billion in a single day.
What happens Sunday
Trump said Iran and the US would announce a permanent deal on Sunday — but by Sunday night, there was no formal joint announcement. The president instead posted on Truth Social that the deal was “essentially complete.” That language leaves room for interpretation. No official confirmation came from Tehran. Markets, however, treated the statement as a green light to buy risk.
Whether the deal is actually signed — and whether the attacks in Lebanon complicate it — remains unclear. For now, crypto traders are betting it holds.
