Bitcoin, Ethereum, XRP, Dogecoin Extend Rally On Iran Deal Optimism: Analyst Says BTC ‘At Least Close’ To Forming A Bottom
June 15, 2026
Leading cryptocurrencies rose alongside stocks on Monday as investors embraced a risk-on mood following the declaration of a peace deal with Iran.
|
Cryptocurrency |
24-Hour Gains +/- |
Price (Recorded at 9:15 p.m. EDT) |
|---|---|---|
|
Bitcoin (CRYPTO: BTC) |
+1.22% |
$66,245.35 |
|
Ethereum (CRYPTO: ETH) |
+4.37% |
$1,791.24 |
|
XRP (CRYPTO: XRP) |
+4.46% |
$1.23 |
|
Solana (CRYPTO: SOL) |
+4.59% |
$74.12 |
|
Dogecoin (CRYPTO: DOGE) |
-0.83% |
$0.08790 |
Crypto Market Gains Momentum
Bitcoin extended gains, rising to an intraday high of $67,248 as trading volume jumped 40% over the last 24 hours. Ethereum topped $1.800 while XRP was up 4.5% from the previous day.
Cryptocurrency-related stocks also lifted, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 5.78% and 6.21%, respectively.
Over $480 million was liquidated from the market in the last 24 hours, predominantly in short bets, according to Coinglass data. Notably, more than $300 million in Bitcoin short positions were at risk of liquidation if the apex cryptocurrency rose to $70,000.
Meanwhile, Bitcoin’s open interest rose 2.06% in the last 24 hours, suggesting an influx of new money into the futures market.
Top Gainers (24 Hours)
|
Cryptocurrency (Market Cap>$100 M) |
Gains +/- |
Price (Recorded at 9:15 p.m. EDT) |
|
Jito (JITO) |
+28.12% |
$0.7178 |
|
Uniswap (UNI) |
+17.13% |
$3.01 |
|
LayerZero (ZRO) |
+15,26% |
$1.10 |
The global cryptocurrency market capitalization stood at $2.27 trillion, following an increase of 1.59% over the last 24 hours.
Read Also: Fake Interest, Real Losses: Deconstructing The Crypto Yield Illusion
Stocks Enter Record Territory
The stock market started the new trading week on a high. The S&P 500 climbed 1.65% to 7,554.29, while the tech-heavy Nasdaq Composite surged 3.07% to close at 26,683.94. The Dow Jones Industrial Average gained 468.77 points, or 0.92%, for a record close of 51,671.03.
The rally followed President Donald Trump’s declaration that the peace deal with Iran is “complete” and that the Strait of Hormuz is open for normal traffic. The deal is due to be signed in Switzerland on June 19.
Pullback: A Long-Term Buying Opportunity?
Widely followed cryptocurrency analyst and trader Michaël van de Poppe said that Bitcoin has entered a zone where one’d want to be accumulating positions “over a longer period.”
“It doesn’t mean we’ll be bottoming out here, but we’re at least close, and the ROI of buying here has historically been incredible,” the analyst said. “That’s primarily why I’m not selling positions and instead want to stick with them as a whole.”
#Bitcoin has hit the quantile where you’d want to be accumulating positions over a longer period.
– Touched the 200-Week MA.
– In the lower quantile of valuations, which historically has been making a low in this region.It doesn’t mean we’ll be bottoming out here, but we’re… https://t.co/OZk1aRA0Zt
— Michaël van de Poppe (@CryptoMichNL) June 15, 2026
On-chain analytics firm Santiment said the latest rally seems to be driven “as much by expectations as by current fundamentals.”
“If inflation pressures ease and institutional investors finally begin feeling more comfortable themselves, the sharp gains following this announcement may end up looking less like a one-day relief rally and more like the opening chapter of a much larger bull cycle,” the research firm added.
🥳 The announcement of an agreement between the U.S. and Iran instantly changed the market narrative from fear to opportunity. After months of traders worrying about supply shocks, inflation, and broader geopolitical instability, investors suddenly had a reason to price in the… pic.twitter.com/Co7jxS116i
— Santiment Intelligence (@SantimentData) June 15, 2026
Read Also: XRP Surges Beyond $1.25 As $6M In Shorts Get Wiped: What’s Going On?
Photo Courtesy: Sodel Vladyslav on Shutterstock.com
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This article Bitcoin, Ethereum, XRP, Dogecoin Extend Rally On Iran Deal Optimism: Analyst Says BTC 'At Least Close' To Forming A Bottom originally appeared on Benzinga.com
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