Bitcoin Climbs Past $65,000 as U.S.-Iran Tensions Ease and Oil Slumps 5%

The relief rally that swept through global markets on Monday did more than just erase last week’s hard-currency hedges.

Bitcoin barreled back above $65,000, and this time the move came with a twist: Ethereum and a clutch of altcoins outpaced the market heavyweight, suggesting traders were not just breathing easier about the Middle East but also pricing in a return to risk-on positioning across digital assets.

The catalyst was the de-escalation between the United States and Iran, a development that took the immediate threat of a broader conflict off the table.

Oil prices plunged 5% in response, unwinding the geopolitical premium that had pushed crude higher and rattled equity and crypto markets.