Bitcoin Climbs Above $65,500 as US-Iran Tensions Ease

Bitcoin has advanced above $65,500 by June 15 after rebounding from sub-$60,000 lows hit on June 9 amid a broad tech-led selloff and escalating Iran-Israel tensions. The recovery gained traction on optimism for a U.S.-Iran peace deal, lower oil prices, and short-covering, though gains stayed capped by persistent spot ETF outflows exceeding $5 billion over three weeks and capital rotation into AI equities ahead of major IPOs. Earlier in the period, crypto VC funding plunged to multi-year lows while Bitcoin underperformed Nasdaq amid hotter jobs data and $1.5 billion in liquidations, leaving the market in a fragile stabilization phase despite tentative weekly gains.