Bitcoin Not Fully Out of Danger as Trump Warns of Possible Iran Strikes

Bitcoin edged higher after the United States and Iran reached an interim agreement to halt the conflict and reopen the Strait of Hormuz. While global markets welcomed the development, cryptocurrency traders remained cautious as previous ceasefire efforts failed to deliver lasting stability.

Brent crude oil dropped more than 4% toward $83 per barrel, while Asian stock markets rallied on hopes of easing tensions. Bitcoin, however, remained near the $65,000 level and continued trading within its recent $63,000 to $65,000 range.

Failed Ceasefires Keep Crypto Traders on Edge

Investor caution is largely linked to recent events. A ceasefire announced in April later collapsed, while another truce was broken following US strikes on June 9. In both cases, Bitcoin surrendered earlier gains as uncertainty returned to financial markets.

Trump Warning and Central Bank Outlook

The interim agreement is expected to be formally signed in Switzerland on June 19. However, President Donald Trump has warned that military strikes could resume if nuclear negotiations fail. Traders are also watching inflation trends and central bank decisions, as lower oil prices could reduce inflation pressure and support liquidity conditions that often benefit Bitcoin and the wider cryptocurrency market.