The crypto market is starting the new week with strong momentum. On Monday morning, Bitcoin is trading just below 66,000 dollars, gaining more than 2% over the past 24 hours. Ethereum has risen to around 1,700 dollars, also up by about 2%. XRP is up 3% at 1.19 dollars, while Solana has climbed 3% to 71 dollars. Hyperliquid, Worldcoin, and Zcash are showing particularly strong gains: HYPE is up around 9% to just under 66 dollars, Worldcoin is the top performer with a gain of around 17%, and Zcash has added nearly 15%.
Pakistan’s prime minister confirms the deal
The rally was triggered by a diplomatic breakthrough in the conflict between the United States and Iran. Pakistan’s Prime Minister Shehbaz Sharif stated on X that both sides had reached a peace agreement. According to him, military operations are to be permanently halted with immediate effect, including on other fronts such as Lebanon. The formal signing is scheduled for Friday, June 19, in Switzerland.
This makes the agreement appear more stable than previous ceasefires, which had repeatedly broken down in recent months. According to Sharif, Qatar, Saudi Arabia, and Turkey were also involved in the mediation process alongside Pakistan. Further talks this week are expected to prepare the technical implementation of the deal.
For markets, this is an important signal: the agreement is no longer just a political declaration of intent but is close to formal signing. The initial market reaction was therefore clear. U.S. stock futures rose significantly, with Nasdaq 100 futures showing particularly strong gains. At the same time, oil prices declined as traders priced out part of the geopolitical risk premium. Brent slipped toward 83 dollars per barrel, while WTI temporarily fell to around 81 dollars.
Falling oil prices ease pressure
For Bitcoin, this development is especially relevant because the recent oil price shock had intensified inflation concerns. Higher energy prices would have increased pressure on central banks to keep interest rates high for longer. This exact scenario had weighed on risk assets such as tech stocks and cryptocurrencies in recent weeks.
Falling oil prices reduce pressure on the U.S. Federal Reserve. According to CME FedWatch, markets are pricing in a roughly 97% probability that the Fed will leave interest rates unchanged this week. If the easing in the energy market continues, it could further improve liquidity conditions for Bitcoin and altcoins.
Before that, investors will focus on the Bank of Japan’s interest rate decision early Tuesday morning German time. On Wednesday, attention will first turn to U.S. retail sales, which will be published in the early afternoon. In the evening, the most important event of the week follows: the U.S. Federal Reserve’s interest rate decision. On Thursday, weekly initial jobless claims will provide further clues about the state of the U.S. labor market.
Conclusion:
The reported breakthrough in U.S.-Iran peace talks has improved sentiment across risk assets by lowering oil prices and easing inflation concerns. If energy prices remain under pressure and the Fed keeps rates unchanged, Bitcoin and major altcoins may receive additional liquidity support.
