Singapore, 15 June 2026 – Bitcoin rallied to a two-week high after the United States and Iran reached a preliminary peace agreement, as traders moved back into risk assets following a sharp fall in oil prices and a softer US dollar.
The world’s largest cryptocurrency gained more than 2% as markets reacted to the prospect of the Strait of Hormuz reopening and energy flows normalising. The move reflected a broader shift in investor sentiment, with equities, risk-sensitive currencies and digital assets drawing support from reduced fears of a prolonged energy shock.
Unlock the Full Article
This article is exclusive to The Ledger Asia Subsribers / PAID members.
Already have an account? Log in here
