Bitcoin's price surged on Sunday evening, jumping above $65,000 for the first time in about ten days, following US President Donald Trump's announcement that a deal with Iran has been completed. Trump declared on Truth Social: “The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll-free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow!”
The announcement came after a weekend of mixed signals, including Trump's initial promise of a deal, followed by Israeli attacks on Lebanon that cast doubt on the agreement. Bitcoin had traded between $63,500 and $64,800 before the news, but immediately spiked past $65,000 and later touched $66,000, its highest level since June 3. The total crypto market cap added over $50 billion, reaching $2.330 trillion, as altcoins followed suit.
Notable altcoin gainers included Hyperliquid (HYPE), which surged nearly 10%, and Zcash (ZEC), which jumped 16% to trade near $500. Worldcoin (WLD) rose 15% to $0.59, while NEAR Protocol (NEAR) and Jupiter (JUP) also posted double-digit gains. Ethereum reclaimed $1,700, BNB approached $620, and XRP exceeded $1.18. Bitcoin's dominance stood above 56.5%.
