Bitcoin tests $65,500 resistance as a fresh four-hour bullish trend flip points to improving market momentum.
The US and Iran reached a deal on June 14 and Bitcoin rose just 2%. Three broken ceasefires taught the market why a peace headline is not a peace.
Upbit has listed OpenGradient (OPG) with BTC and USDT trading pairs, expanding access to the token through one of South Korea's largest cryptocurrency exchanges.
Bitcoin climbed to around $65,844, its highest in nearly two weeks, after the US and Iran reached a deal to reopen the Strait of Hormuz, sending Brent crude down more than 4% and lifting risk assets, though ETF outflows and Strategy's selling still weigh on the recovery.
Bitcoin's price recovery setup is improving as US–Iran peace hopes ease macro stress, a historical on-chain bottom signal returns, and BTC's four-hour ascending triangle breakout targets $68,000.
Bitcoin has reclaimed $65,000 after oil prices plunged to a two-month low following a reported US-Iran peace agreement that eased concerns over disruptions in the Strait of Hormuz. According to data from crypto.
Bitcoin's latest difficulty adjustment gave miners some breathing room after a slower-than-usual period for the network.
Contrary to retail crypto investors' hopes for an imminent rally, the latest technical review of Bitcoin from legendary trader Peter Brandt points to the opposite - a continuation of the prolonged consolidation.
The Bitcoin network experienced a significant 10.09% mining difficulty reduction on Sunday, with the metric declining from 138.96 trillion to 124.93 trillion at block height 953,568. According to Galaxy Research, this represents the 11th-largest downward difficulty adjustment ever recorded on the network.
Crude oil prices fell roughly 4% after U.S. President Donald Trump declared that a peace deal with Iran is “officially complete” and that the Strait of Hormuz is now open. The selloff rippled into risk assets as bitcoin reclaimed $65,000.
Two heavyweight crypto investors have voiced optimism about Bitcoin's near-term trajectory. Anthony Scaramucci, who heads SkyBridge Capital, and Mike Novogratz, CEO of Galaxy Digital, both expressed confidence that Bitcoin could climb back to $70,000 before July 2026 ends.
Changpeng “CZ” Zhao, the founder of cryptocurrency exchange Binance, continues to defend his optimistic outlook on digital currencies despite Bitcoin's current market challenges in 2026.