Cryptocurrencies climbed across the board on June 15 after the United States and Iran agreed to a deal aimed at ending their conflict. The de-escalation comes after weeks of stalled conversat
Cryptocurrencies climbed across the board on June 15 after the United States and Iran agreed to a deal aimed at ending their conflict.
The de-escalation comes after weeks of stalled conversations and renewed attacks in pockets.
Related: Treasury's $344M Iran crypto seizure now claimed by terrorism victims
Pakistan's Prime Minister Shehbaz Sharif, whose government helped mediate, announced the agreement on Sunday, June 14.
"Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED. Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon."
The pact is expected to be signed in Switzerland on June 19.
President Donald Trump hailed the de-escalation on Truth Social in multiple posts on Sunday.
He added that he had ordered the immediate removal of a U.S. naval blockade of Iranian ports and that the Strait of Hormuz would reopen once the deal is signed.
Trump hails the deal on Truth SocialIn another post, Trump wrote,
"Many presidents have tried to make Peace with Iran, and all have failed before me. The Leaders of the Region have, for the first time, found a President who can help them achieve real Peace."
Easing tensions in the Persian Gulf and the prospect of restored oil flows lifted appetite for risk assets, with digital currencies among the biggest gainers.
However, Israel's National Security Minister Itamar Ben Gvir said "Trump's agreement does not bind us."
On June 15, Bitcoin (BTC) surged 3.4% over the prior 24 hours to trade at $66,483.50 as per Decibel.
XRP led the surge with an 8.8% jump to about $1.24. Ethereum (ETH) rose 6.6% to $1,777.52, while Solana (SOL) gained 7.5% to $72.84.
Crypto market cap rose 3.6% to $2.3 trillion.
During market hours, top crypto stocks were also turning green.
Coinbase (Nasdaq: COIN) was trading 6% higher while Strategy (Nasdaq: MSTR) was changing hands 7% higher.
SpaceX, which announced its blockbuster IPO last week, is the new entrant among the crypto stocks with 18,712 BTC in its balance sheet. It was trading over 6% as well.
