TLDR
- Bitcoin broke above $65,000 for the first time since early June, driven by a U.S.-Iran peace deal
- Strategy gained over 6%, also disclosing a fresh purchase of 1,587 Bitcoin at ~$63,024 each
- Coinbase rose around 6.4% and Robinhood added roughly 4.8% in tandem with Bitcoin’s move
- Mining stocks also rallied — MARA Holdings jumped 7.4%, Bit Digital gained 7.5%, Riot Platforms rose 4.7%
- Bitcoin was trading above $66,400 on Monday, its highest level in nearly two weeks
Bitcoin climbed back above $65,000 on Monday for the first time since early June, pulling a wide range of crypto-linked stocks higher with it.
The move came after the United States and Iran reached an interim peace deal on Sunday. The agreement is expected to open a 60-day window of nuclear negotiations. That news improved investor appetite for risk assets broadly, and Bitcoin was among the direct beneficiaries.
Bitcoin rose 3.7% over the prior 24 hours, reaching $66,129 according to CoinDesk data. At one point on Monday, the price climbed above $66,400, its highest level in roughly two weeks.
Crypto Stocks Follow Bitcoin Higher
Strategy, the software company that holds more Bitcoin than any other public company, saw its shares rise more than 6% in premarket trading.
The company also disclosed on Monday that it purchased 1,587 Bitcoin over the past week at an average price of around $63,024 each. That brings its total holdings to 846,842 Bitcoin, acquired at an average price of $75,656.
Strategy had rattled some investors earlier in June when it sold Bitcoin for the first time since 2022. Monday’s disclosure of a fresh purchase appeared to steady confidence in the stock.
Coinbase gained around 6.4% on the day. As a dedicated crypto exchange, its business ties directly to activity in the crypto market, making it a frequent proxy for Bitcoin moves.
Robinhood added roughly 4.8%. Digital assets make up a large share of Robinhood’s transaction-based revenue, which links its share price closely to crypto market conditions.
Mining Stocks Also Gain Ground
Bitcoin miners joined the rally as well.
MARA Holdings rose 7.4%, Bit Digital gained 7.5%, and Riot Platforms added 4.7%. Hut 8 Mining climbed 4.3%.
Mining companies earn revenue directly from producing Bitcoin, so a higher Bitcoin price typically lifts their earnings outlook and their stock prices.
All three of the main crypto-linked equities — Strategy, Coinbase, and Robinhood — have historically traded closely with Bitcoin. When the price of the crypto moves sharply in either direction, their shares tend to follow.
Bitcoin had faced pressure in recent months from macroeconomic headwinds and shifts in investor sentiment, pulling it well below the highs it reached in late 2025.
Monday’s move above $65,000 marked a partial recovery from that decline.
The peace deal between the U.S. and Iran was the main catalyst. Analysts noted that easing geopolitical tension tends to reduce risk aversion in financial markets, which can support assets like Bitcoin that are sensitive to investor sentiment.
As of Monday, the broader crypto equity space was seeing its best session in weeks.
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