Bitcoin Reclaims $65K and ETH Touches a 2-Month Peak Near $2K After Iran-U.S. Pause Lifts Risk Appetite

TL;DR

• Bitcoin reclaimed $65,000 on Monday after the Iran-U.S. pause pushed Brent crude toward $87, easing inflation pressure and improving demand for risk assets.
• Ether approached $2,000 for the first time since early June, while AAVE, ONDO, UNI, LINK, and PUMP led broader cryptocurrency gains.
• Federal Reserve uncertainty remains, but derivatives showed stronger momentum in Ether than Bitcoin, even as expensive downside protection signaled that traders still see considerable market risk.

Bitcoin reclaimed the $65,000 level on Monday as a pause in hostilities between Iran and the United States eased pressure across global risk markets. Brent crude fell more than 7% toward $87 after planned strikes around the Strait of Hormuz were suspended while mediation continued. The geopolitical pause quickly translated into renewed appetite for cryptocurrencies and equities. Bitcoin briefly reached $65,600 before settling near $65,200, while Ether approached $2,000 for the first time since early June. The rebound was encouraging for investors, although traders remained cautious before the Federal Reserve’s policy decision later this week.

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