Bitcoin climbed to $65,844 on June 15, its highest level in nearly two weeks, as the total crypto market cap pushed back above $2.3 trillion. The move followed President Donald Trump’s Truth Social announcement Sunday that an Iran peace deal had been completed, ending a four-month conflict and clearing the way for the Strait of Hormuz to reopen. Brent crude oil dropped more than 4% to $84 a barrel on the news, and risk assets broadly rallied.
Oil shock boosts crypto sentiment
The Iran deal is the biggest geopolitical headline of the month. Formal signing is set for June 19 in Switzerland. With oil prices sliding and global tensions easing, traders rotated back into bitcoin and other digital assets. The rally comes after a shaky stretch: bitcoin had touched $59,000 on June 5, 2024 — its weakest since October 2024 — before staging an 11% bounce over the following ten days. Monday’s close at $65,844 extends that recovery, though the token still sits 47% below its all-time high of $126,277 set in October 2025.
Strategy buys the dip — again
Michael Saylor’s Strategy added 1,587 bitcoin between June 8 and June 14, paying an average price of $63,024. The purchase cost about $100 million. To fund it, the company sold 1,732,553 shares of common stock, generating $209 million in net proceeds and rebuilding its USD reserve to $2.25 billion. Strategy now holds 846,842 bitcoin with a cumulative cost of roughly $64.07 billion. Separately, Strive picked up 32 bitcoin during June 2–7 at $63,911 apiece, bringing its total stash to 15,391 BTC, valued near $1.2 billion at recent prices.
Coinbase CEO calls the floor
Coinbase CEO Brian Armstrong said over the weekend that bitcoin likely bottomed around $60,000. He told CNBC that prices will be “much higher” by 2030 and again described bitcoin as “the new digital gold.” His comments helped steady sentiment after the June 5 low, and trading volumes picked up Monday as buyers stepped in.
What’s next
The next catalyst is the Iran peace deal signing on June 19. If oil stays low and macro risk appetite holds, bitcoin could test higher levels. But the 47% gap from the 2025 peak is a reminder that the market still has a long climb ahead. No one at Coinbase or Strategy has said when they expect a new all-time high, and the fund flows from stock sales suggest Saylor is still playing the long game — buying the dips, selling shares, and rebuilding the war chest.
