Global Sentiment Improves, Bitcoin Price Strengthens After US-Iran Deal
Global market sentiment improved after the United States and Iran reached a preliminary agreement to end the conflict and reopen the Strait of Hormuz. Indodax Chief Marketing Officer Aloysia Dian said the easing of geopolitical tensions in the Middle East gave investors room to increase exposure to assets with high volatility characteristics, after weeks of markets being overshadowed by cautious sentiment.
The easing of geopolitical uncertainty, she continued in a statement in Jakarta on Tuesday (16/6/2026), encouraged investors to return to high-volatility assets, including crypto assets. This condition pushed the price of Bitcoin to briefly breach the level of $65,900 on Monday (15/6/2026).
“The crypto market is currently responding to the improvement in global sentiment after geopolitical uncertainty began to ease. When global risks decline, investors tend to increase exposure to high-volatility assets, including Bitcoin and other crypto assets. This is currently helping to drive the price recovery in the market,” she said.
Based on CoinMarketCap data on Monday (15/6/2026), Bitcoin was trading in the range of $63,900-$65,900, up about 2 percent in the last 24 hours. The strengthening also placed Bitcoin nearly 8 percent above last week’s low, which had briefly been below $60,900.
According to her, besides Bitcoin, the majority of major crypto assets also recorded gains. Ethereum rose about 5.1 percent to the level of $1,758, while Solana strengthened 6.6 percent to $72.6. Meanwhile, XRP added 7.1 percent to the level of $1.2. Among large-cap crypto assets, Hyperliquid (HYPE) was one of the assets with the highest increase after strengthening about 11.6 percent to the level of $67.8.
The crypto market rally occurred in line with the improvement in global risk sentiment. After the US-Iran deal was announced, the price of Brent crude oil corrected more than 4 percent towards the range of $83 per barrel, as the market began to reduce the geopolitical risk premium that had previously burdened global economic prospects. At the same time, she continued, Asian stock markets strengthened, US stock index futures contracts moved positively, and pressure on the US dollar began to ease.
Amid the improving market sentiment, Aloysia reminded that the sustainability of this positive trend still depends on a number of factors that will determine whether Bitcoin’s strengthening can continue in the near term. The easing of geopolitical tensions is certainly a positive development for the market. However, investors still need to observe various other factors, including institutional fund flows through Spot Bitcoin ETFs, regulatory developments, global monetary policy, investor interest, and global liquidity conditions.
“Therefore, we see it as important for investors to continue to pay attention to overall market developments and not just focus on one particular sentiment,” said Aloysia. One indicator that will be the market’s focus is the movement or flow of funds in Spot Bitcoin ETFs in the United States. Over the past week, the instrument recorded an outflow of $1.72 billion, indicating that some institutional investors remain cautious towards assets with volatile characteristics. According to her, besides geopolitical sentiment, the market is also still observing a number of fundamental factors that could potentially influence the direction of Bitcoin’s movement in the near future. One of them is institutional investor interest, as reflected in fund flows into Spot Bitcoin ETFs in the United States.