Bitcoin Tops $66,000 as Trump Unveils U.S.-Iran Ceasefire at G7

Bitcoin climbed above $66,000 on June 17 after President Trump’s G7 press conference outlined a U.S.-Iran memorandum of understanding that includes a ceasefire, reopening of the Strait of Hormuz, and limited sanctions relief. The move follows Trump’s earlier meeting with Zelensky at the same summit, where he downplayed the Ukraine war’s impact on the U.S. and hinted at possible easing of Russian oil sanctions. Markets interpreted the Iran update as a sharp reduction in geopolitical risk, triggering a risk-on rally in crypto while crude oil sold off on expectations of restored supply flows. A formal signing is scheduled in Switzerland, with Trump warning that military options remain if Iran fails to comply.