Bitcoin price surged to a two-week high near $67,000 as an Iran ceasefire eased macro fears and Strategy’s $100 million Bitcoin purchase fueled crypto-stock gains.
Bitcoin rebounded more than 11% from its June 5 low near $59,000 to around $66,500 as easing Middle East tensions and continued institutional accumulation from major corporate buyers helped restore confidence despite lingering skepticism about the bull market.
The U.S. Treasury designated Nobitex and three other Iranian crypto platforms—along with key executives—under counterterrorism and financial-sector authorities, intensifying U.S. efforts to disrupt Iran’s digital asset network and sanction evasion activities.
Fraudsters are targeting global shipping firms with fake Strait of Hormuz transit fees, demanding payment in Bitcoin and Tether as vessels remain stranded amid Gulf tensions.
Iran is demanding tankers pay a $1-per-barrel toll in Bitcoin for safe passage through the Strait of Hormuz during the U.S.-Iran ceasefire, according to a Financial Times report. The move lets Tehran bypass sanctions using Bitcoin’s neutral, censorship-resistant settlement.