Bitcoin hits $65,881 as Trump claims US-Iran deal would

Bitcoin pushed to a 12-day high near $66,000 in Monday morning trading after President Donald Trump claimed a US-Iran deal would reopen the Strait of Hormuz and remove a US naval blockade. The move landed as crude dumped and markets shifted focus to confirmation risk around a Friday signing timeline and the Federal Reserve’s rate decision on Wednesday.

Key Takeaways

Bitcoin printed $65,881 on Coinbase during Monday morning trading, the highest level in 12 days, per TradingView.
President Donald Trump said he authorized a “toll-free opening of the Strait of Hormuz” and the “immediate removal” of a US naval blockade in late Sunday Truth Social posts.
Concrete terms were not immediately available, and implementation was described as contingent on Iran signing, expected Friday under mediation by Pakistan.
Crude sold off alongside the move, with WTI down 5% to just over $80 per barrel and Brent down 4.6% to $83.30.

Bitcoin Pops to $65,881 After Trump Claims Hormuz Reopening

Bitcoin rallied into Monday morning and tagged $65,881 on Coinbase, according to TradingView. The print marked a 12-day high, with BTC not trading above $66,000 since June 3.

The catalyst was a fresh geopolitical headline. Trump posted late Sunday that “The deal with the Islamic Republic of Iran is now complete. Congratulations to all!” He followed with: “I hereby fully authorize the toll-free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade,” adding, “Ships of the World, start your engines. Let the oil flow!”

The price action read as a macro impulse rather than a crypto-native driver. BTC strength arrived in the same window as a sharp move lower in crude, a classic tell that the market was attempting to reprice geopolitical risk.

Oil Dumps as Markets Price a Geopolitical Risk-Premium Unwind

Crude moved first and hard. WTI fell 5% to just over $80 per barrel, its lowest level since early March, while Brent dropped 4.6% to $83.30.

That cross-asset alignment matters for crypto traders because it frames the BTC bid as “risk premium” coming out of the tape. Andri Fauzan Adziima, research lead at Bitrue Research Institute, described the potential deal as one that “removes a major geopolitical risk premium, triggering a clear risk-on move as uncertainty fades.” He added: “Bitcoin has broken above $65,000, fueled by traders rotating back into crypto amid lower oil pressure and a broader stability narrative under a pro-crypto administration,” while warning about possible “last-minute signing issues.”

What’s Known vs. Unconfirmed in the US-Iran Deal Timeline

The confirmation gap is still the trade. Deal details were described as not immediately available, and implementation was framed as contingent on Iran signing.

Trump pointed to a Friday milestone in a separate post: “With the opening of the Strait upon the signing of the deal on Friday [...] oil will flow on both ends again for the region, and the World!” The signing was described as expected Friday under mediation by Pakistan.

Iranian officials were also described as confirming the agreement on state television. Iran’s deputy foreign minister Kazem Gharibabadi confirmed the agreement, and the secretariat of Iran’s Supreme National Security Council said the war on all fronts “will end immediately and permanently beginning tonight” and that the US blockade “will be terminated immediately and in full.”

Even with those statements, traders are left with a binary window. If the signing timeline slips or terms disappoint, the same headline-driven liquidity that pushed BTC higher can reverse quickly.

Two Near-Term Catalysts: Friday Signing Risk and Wednesday’s Fed Decision

Two dates now sit on top of the stack. First is any official confirmation and concrete terms around the claimed US-Iran deal, with Friday’s expected signing acting as the stated implementation trigger.

Second is Wednesday’s Federal Reserve decision, the first under new chair Kevin Warsh. CME FedWatch showed a 96.6% probability of a hold at 3.5% to 3.75%, which means the market is positioned for “no surprise.” The risk is that any deviation in the statement or rate path messaging dominates the tape, even if geopolitics stays supportive.

Crude is the real-time proxy for whether the geopolitical risk premium is actually coming out. Traders will be watching whether WTI near just over $80 and Brent at $83.30 persist as a trend or snap back.

Trade the Headline, Respect the Confirmation Gap

I treat this as a macro risk-on impulse with a clear cross-asset tell: BTC bid while crude dumped after the Hormuz and blockade language hit the tape. That’s tradable information, but it’s not the same thing as durable fundamentals.

The threshold that matters is confirmation. If concrete terms emerge and the Friday signing path holds while crude stays heavy, the setup starts to look structural rather than narrative-driven. If the timeline slips or oil reverses, this looks more like a sentiment catalyst than a fundamental shift, and the practical impact will be measured in whether BTC can hold above $65,000 through Wednesday’s Fed decision and into the signing window.

Bitcoin hits $65,881 as Trump claims US-Iran deal would reopen Strait of Hormuz