Bitcoin recovers to $66,000, but one analyst warns of a 'dead-cat bounce'
Key takeaways
- What s behind the move: Crypto prices rose after President Trump said the United States reached a ceasefire deal with Iran, calling the agreement "complete" in a post to Truth Social.
- What else you need to know: Investors have been looking for signs that the crypto winter may be ending, but some strategists caution that the challenges facing bitcoin remain in place.
- "ETF flows are sluggish at best," Nic Puckrin, a macro and cross-asset analyst at Coin Bureau, said Monday.
Bitcoin recovers to $66,000, but one analyst warns of a 'dead-cat bounce' Ines Ferré · Senior Business Reporter Mon, June 15, 2026 at 8:12 PM GMT+7 1 min read BTC-USD What happened: Bitcoin (BTC-USD) jumped more than 3% on Monday to hover above $65,000 as the overall market rose.
What s behind the move: Crypto prices rose after President Trump said the United States reached a ceasefire deal with Iran, calling the agreement "complete" in a post to Truth Social. Talks on a final peace deal are expected to begin within 60 days.
Risk assets, including cryptocurrencies, also got a boost from expectations that the Federal Reserve may be willing to look past recent hotter-than-expected inflation readings and perceive them as temporary if the Strait of Hormuz fully reopens to oil flows.