B4Bit
06/16 08:02
Santiment says Iran deal sparks crypto’s next bull
Santiment says Iran deal sparks crypto’s next bull cycle
Bitcoin has climbed more than 11% from its early June low as Santiment says the U.S.-Iran peace agreement may be laying the groundwork for a longer crypto bull market.
According to on-chain analytics firm Santiment, investor sentiment has improved sharply after the United States and Iran reached a peace agreement that eased concerns about supply disruptions, inflation, and escalating geopolitical tensions.
In a June 15 X post, Santiment said traders had spent months reacting to fears surrounding energy markets and global instability. The firm argued that the agreement has instead encouraged investors to focus on reopening trade routes, lowering economic uncertainty, and the prospect of more stable market conditions.
On-chain data points to renewed buying
As risk appetite returned, capital moved back into digital assets while oil prices headed lower.
Santiment noted that Bitcoin, Ethereum, and other cryptocurrencies benefited as traders rotated funds into risk assets following the announcement.
Bitcoin traded above $66,600 on Monday, up roughly 3.5% over recent sessions and more than 11% above its early June low near $59,375. Ethereum climbed to around $1,846, while XRP and Solana gained 8.7% and 7.4%, respectively. The total cryptocurrency market capitalization remained above $2.36 trillion.#2026 World Cup Posting Challenge on HTX Square #HTX Creation Challenge — Post and Win 1,500U 💥
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