Live updates: Bitcoin traders don't expect BTC to cross $75,000 as U.S.-Iran threats remain
Monetary policy may be back in focus, with Kevin Warsh's first policy meeting as Fed chairman coming this week.
YayaNews contributes financial news and market context through the YayaNews editorial workflow.
Monetary policy may be back in focus, with Kevin Warsh's first policy meeting as Fed chairman coming this week.
7:58 p.m., June 15
Stephen Alpher
Share
Share this post
Copy link
X icon
X (Twitter)
Crypt rally loses some steam in afternoon trading as SpaceX soars to 40% post-IPO gain
In late U.S. afternoon trading, bitcoin (BTC) has shed about 1% from its highest levels of the day to $66,500, still higher by 4.5% over the past 24 hours.
There's no such loss of momentum in Elon Musk's SpaceX (SPCX), though, which has added 18% to Friday's gain. At $190, the stock is now higher by 40% since its IPO Thursday night.
The broader Nasdaq is also at about a session high, up 3% minutes before the close of trade.
With Middle East concerns set to fade, market participants could start looking elsewhere for catalysts, be they positive or negative. That may mean a turn towards monetary policy.
The U.S. Federal Reserve policy meeting is this week on Tuesday and Wednesday. It's the first to be run by new Fed Chairman Kevin Warsh. Markets aren't expecting any rate changes this week, but do have one or more rate hikes baked in before year-end.
A
WSJ report Monday morning suggested
Warsh isn't a fan of the Fed's open communication policy. Given the Fed's poor track record in economic forecasting, Warsh has for years wondered why the central bank puts so much effort into providing guidance on where it expects interest rates to be months or years down the road.
3:54 p.m., June 15
Stephen Alpher
Share
Share this post
Copy link
X icon
X (Twitter)
Bitcoin climbs past $67,000, extending day's gain to 5%
Risk markets have risen to session highs at midday on the East Coast, with bitcoin (BTC) now at $67,100, ahead about 5% over the past 24 hours, while the Nasdaq climbs just shy of 3%.
Even with bitcoin's large advance, it's still only reclaimed territory going back to June 2.
Ether (ETH), XRP (XRP), and solana (SOL) percentage gains have doubled those of bitcoin.
Crude oil, meanwhile, is at about a session low of $80 per barrel, down 5.5% for the day.
Alongside the more than 10% move higher in solana, SOL-focused treasury firms are the largest gainers in crypto-related stocks. DeFi Development (DFDV), Forward Industries (FWDI), Solana Company (HSDT), Solmate (SLMT), and Upexi (UPXI) are all ahead 10%-20%.
2:48 p.m., June 15
Krisztian Sandor
Share
Share this post
Copy link
X icon
X (Twitter)
Three catalysts needed before relief bounce turns into bull market
Bitcoin's bounce may have eased some immediate market anxiety, but Paul Howard, senior director at trading firm Wincent, says it's still a bear market for crypto.
"The reduction in geopolitical risk has driven an overnight rally in bitcoin (BTC), but it does little to change the broader outlook," Howard said. In his view, the bear market remains intact and could stretch into the third quarter.
For bitcoin to break out of its current range and reclaim its 200-day moving average (currently at near $77,000), Howard says three pieces need to fall into place at once:
a friendlier macro environment with lower interest rates;
regulatory progress such as the Clarity Act and rules around onchain rewards for stablecoins
and continued adoption of crypto infrastructure through tokenized real-world assets (RWA), tokenized stocks and stablecoins.
Until then, Howard sees rallies as difficult to sustain.
2:36 p.m., June 15
James Van Straten
Share
Share this post
Copy link
X icon
X (Twitter)
SpaceX gains 6% after greenshoe option lifts IPO proceeds to $85.7 billion
SPCX (TradingView)
SpaceX (SPCX) shares are up 6% on Monday, extending gains following the company's successful IPO on Friday. Investor sentiment was further boosted after underwriters exercised their overallotment, or "greenshoe," option, purchasing an additional
83.33 million shares
.
The move increased total proceeds from the offering to approximately
$85.7 billion
, making it the largest IPO on record. The greenshoe option is typically used to meet strong investor demand and stabilize trading after a public debut. The additional share purchase signals robust market appetite for SpaceX stock.
2:12 p.m., June 15
James Van Straten
Share
Share this post
Copy link
X icon
X (Twitter)
IREN enters Europe with completion of Nostrum acquisition for AI infrastructure growth
IREN (IREN) has completed its acquisition of Spain-based Nostrum Group, marking its entry into the European AI infrastructure market.
The deal adds approximately 490MW of secured, grid-connected power capacity in Spain, alongside a significant development pipeline and a team of more than 50 specialists in engineering, construction, development, and operations. The acquisition strengthens IREN’s ability to meet rising demand for AI cloud services across Europe.
Co-CEO Daniel Roberts highlighted Spain’s renewable energy resources and connectivity advantages, while Nostrum CEO Gabriel Nebreda said the partnership will accelerate the development of one of Europe’s most advanced AI infrastructure pipelines.
IREN shares are up 2% on Monday.
2:05 p.m., June 15
Stephen Alpher
Share
Share this post
Copy link
X icon
X (Twitter)
Bitcoin holds above $66,000 as Nasdaq jumps 2.5% in morning U.S. trade
Bitcoin (BTC) fell back a bit after taking a shot at the $67,000 level about an hour ago, but is still holding just above $66,000, ahead 3.3% over the past 24 hours.
A bit more than 30 minutes into their trading day, U.S. stocks are posting big gains, the Nasdaq up 2.5% and S&P 500 up 1.6%.
After its strong debut session on Friday, SpaceX (SPCX) is higher by another 8% early Monday to $173.70.
Crypto-related stocks are green across the board, with Strategy (MSTR) higher by 7.6%, Coinbase (COIN) up 6.8%, and Circle Financial (CRCL) ahead 10%.
12:49 p.m., June 15
Omkar Godbole
Share
Share this post
Copy link
X icon
X (Twitter)
Here's why bitcoin could stabilize around $65,000
Bitcoin (BTC) has bounced from recent lows to trade above $65,000, a level which represents a significant concentration of open interest in both calls and puts, making it a structurally important zone for the market, according to analytics firm Glassnode.
This makes dealer hedging flows more supportive of stability. Market makers adjusting their positions to manage risk often creates a natural stabilizing effect around the cluster.
Following a period of elevated volatility, this dynamic can help the market consolidate and reduce sharp swings.
"As price moves into these zones, dealer hedging flows can become more supportive, helping stabilize the market after a period of elevated volatility," Glassnode said on X.
12:15 p.m., June 15
Shaurya Malwa
Share
Share this post
Copy link
X icon
X (Twitter)
Strategy buys another 1,587 bitcoin and lifts its cash reserve to $1.1 billion
Strategy (MSTR) bought another 1,587 bitcoin for about $100 million last week at an average of $63,024, lifting its holdings to 846,842 BTC, according to a Monday filing.
It also raised its USD reserve by $100 million to $1.1 billion.
The company funded both by issuing stock, taking in $209 million through its at-the-market program rather than touching its bitcoin or its cash cushion.
The moves follow Strategy's first bitcoin sale in four years on June 1, when it sold 32 coins to cover preferred dividends.
MSTR is up 5% premarket, with bitcoin above $66,000.
11:25 a.m., June 15
James Van Straten
Share
Share this post
Copy link
X icon
X (Twitter)
Bitcoin tops $66,000 as rising open interest and negative funding continue short squeeze
Bitcoin climbs above $66,000 on Monday, reaching an intraday high of $66,300, its highest level since June 3. The move comes after the largest cryptocurrency by market capitalization traded below $64,000 within the past 24 hours on the news of a deal between the US and Iran.
Derivatives data suggests the rally is currently being driven by a short squeeze rather than fresh bullish positioning. Open interest, the total number of outstanding futures contracts, has risen more than 4% to 748,000 BTC when measured in coin-denominated terms. Meanwhile, the funding rate, a periodic payment exchanged between long and short traders in perpetual futures markets, remains negative at around -1%. The combination of rising open interest and negative funding rates alongside a sharp price increase points to short positions being forced to close, helping accelerate the upward move.
10:05 a.m., June 15
James Van Straten
Share
Share this post
Copy link
X icon
X (Twitter)
Brain Armstrong says bitcoin has most likely bottomed at $60,000
Coinbase CEO Brian Armstrong reiterated his long-term bullish stance on bitcoin, describing it as "the new digital gold" and an increasingly important part of the global economy. Armstrong also suggested that bitcoin may have already found a bottom near the $60,000 level, based on his instincts about current market conditions.
In a post on X,
Armstrong wrote
: "I'm as bullish as ever on Bitcoin, and still long (as always). It's never as good or bad as it seems."
He accompanied the post with a chart illustrating bitcoin's four-year cycle, a market pattern historically tied to bitcoin's halving events, which occur roughly every four years and reduce the rate of new supply entering circulation. Previous cycles have typically seen bitcoin reach a peak about 12 to 18 months after a halving, followed by a prolonged correction before establishing a cyclical bottom.
With bitcoin reaching a record high of around $126,000 in October, historical cycle analysis would suggest a potential market bottom could emerge sometime around September or October 2026.
9:26 a.m., June 15
James Van Straten
Share
Share this post
Copy link
X icon
X (Twitter)
Head of markets at Laevitas warns crypto rally needs more than a short squeeze
"The recent price action in crypto markets was macro relief beta, amplified by thin weekend liquidity, rather than a crypto-native story", according to
@scopicview
, head of markets at Laevitas.
The move was sparked by President Trump's comments on a potential US-Iran framework, later echoed by all parties, which eased concerns over energy supply disruptions and drove crude oil lower, briefly going below $80 a barrell.
As energy-driven inflation fears receded, risk assets broadly repriced higher, with bitcoin and ether emerging as the highest-beta beneficiaries of the shift in sentiment.
Looking ahead, traders are focused on further confirmation of any agreement, developments around the Strait of Hormuz, crude oil's next move, and a packed central bank calendar. In crypto, attention remains on whether ETF demand strengthens into sustained inflows and whether spot market buying can support gains initially driven by short covering and thin liquidity.
8:08 a.m., June 15
James Van Straten
Share
Share this post
Copy link
X icon
X (Twitter)
Crypto equities surge in pre-market trading as bitcoin rallies
Following the announcement of a U.S., Iran peace agreement, both risk assets and haven investments have rallied. Bitcoin climbed to $66,000, gold surged more than 2.5% to trade above $4,300, and the Invesco QQQ ETF rose more than 2% in Monday pre-market trading.
Crypto-related equities also advanced. Strategy (MSTR), the largest corporate holder of bitcoin, rose 6%, Galaxy Digital (GLXY) added 5% and SpaceX (SPCX) climbed 6%.
AI-focused bitcoin miners are participating in the rally. Both TerraWulf (WULF) and Cipher Mining (CIFR) added 4%, and IREN (IREN) is higher by 5%.
7:57 a.m., June 15
Shaurya Malwa
Share
Share this post
Copy link
X icon
X (Twitter)
Cathie Wood sold to buy SpaceX, and that is the problem for bitcoin
ARK Invest bought roughly 3.29 million shares of SpaceX on Friday, the day Elon Musk's company went public in the largest IPO ever. The buy was worth more than $500 million by the end of the day across four ARK ETFs.
SpaceX priced at $135 and closed at $160.95, up 19.2% on its first day. The Cathie Wood-led firm had offloaded shares across roughly 20 companies in the days around the listing, including Advanced Micro Devices and Rocket Lab, a company SpaceX identified as a competitor in its filing.
The ARK Innovation ETF did the bulk of the buying, ending the day with SpaceX at about 3.28% of its portfolio.
6:44 a.m., June 15
Shaurya Malwa
Share
Share this post
Copy link
X icon
X (Twitter)
Prediction markets have put $78 million behind bitcoin staying range-bound
Traders have put more than $78 million into bitcoin price prediction markets on Polymarket and Kalshi for 2026, and the crowd is not pricing a breakout, even after the US-Iran peace deal landed Monday.
Polymarket's June market, with about $15.6 million in volume, puts the most likely recovery point at $67,500 with 70% odds. A move to $72,500 carries 18% odds. The $100,000 target for June sits below 1%. On the downside, bettors give a $55,000 floor an 8% chance.
Kalshi's June market tells the same story with different numbers. Traders there put a 14% probability on bitcoin crossing $75,000 before June 30, falling to 9% for $77,500 and 5% for $80,000.
The year-end picture is similarly muted. Kalshi's December market, drawing $25.8 million in volume, has the consensus sitting near $66,000, with the probability distribution bunched in the $50,000 to $55,000 range. Polymarket gives $100,000 by year-end only 19% odds and $150,000 just 4% to 7%.
5:31 a.m., June 15
Shaurya Malwa
Share
Share this post
Copy link
X icon
X (Twitter)
Copper is surging on the Iran deal
Copper climbed as much as 1.4% after the US and Iran announced an interim deal to halt the war and reopen the Strait of Hormuz.
The industrial metal has gained about 4% since the war began in late February, while aluminum is up 13% as supply routes through the Persian Gulf were severed.
The divergence to bitcoin has an explanation. A ceasefire in April collapsed and US strikes broke a second truce on June 9 - and BTC gave back the entire move both times.
Copper, however, trades on growth expectations and supply routes. Bitcoin has been trained by two failed deals to wait for the June 19 signing in Switzerland before pricing a third.
The channel that would actually move crypto runs through central banks. Cheaper oil softens the inflation pressure that kept the Fed on hold and pushed the Bank of Japan toward a hike at tomorrow's meeting. Less hawkish policy means less carry-trade unwind risk, which is the weight that has pressed on crypto all month.
5:19 a.m., June 15
Shaurya Malwa
Share
Share this post
Copy link
X icon
X (Twitter)
Bitcoin is rising but traders have twice burned by collapsed ceasefires in recent months
The US and Iran reached an interim deal to halt the war and reopen the Strait of Hormuz, removing the macro weight that has pressed on crypto for weeks. Oil fell hard and equities jumped, while bitcoin moved only a little.
Brent crude dropped more than 4% toward $83, a three-month low, with the strait that carries about a fifth of the world's oil set to reopen on June 19. Asian shares climbed more than 3%, and Japan's Nikkei headed for a record close. Bitcoin trades near $65,000, up modestly over the weekend and still inside its recent $63,000 to $65,000 range, per CoinDesk data.
Traders may remember that bitcoin has been here before. A ceasefire in April fell apart, and US strikes broke another truce on June 9, each time clawing back the relief rally.
Traders are not pricing a permanent deal until the June 19 signing in Switzerland holds. The deal is interim, as sanctions are unresolved and Trump has said he could restart strikes if nuclear talks fail.
The bigger channel for crypto runs through inflation, not the headline.
Cheaper oil eases the price pressure that pushed central banks toward tighter policy. Meanwhile the Bank of Japan decides tomorrow, and a softer inflation backdrop could blunt the hawkish tilt that revived the yen carry-trade risk.
That is the path that would actually pull liquidity back toward crypto.
Latest Crypto News
1
Ether, XRP and dogecoin lead a broad crypto selloff as tech stocks tumble
26 minutes ago
2
Live markets: Bitcoin rebounds to nearly $60,000. Kospi, Nikkei sink
57 minutes ago
3
Asset management giant Invesco files for tokenized fund targeting stablecoin reserve market
9 hours ago
4
Coinbase's Base blockchain resumes after two-hour outage disrupted network
11 hours ago
5
Strategy's yield-generating STRC stock is more correlated with BTC than ever
12 hours ago
6
Kraken in talks to buy 15% stake in DeFi lender Aave at $385 million valuation
12 hours ago
7
a16z-backed crypto firm rebrands, shifts focus to solving AI’s global copyright headache
13 hours ago
8
BlackBerry is making a massive comeback as an 'uncrashable' software layer for AI and robotics
14 hours ago
9
Strategy has a 10-month cash runway for dividends, but retail investors are losing faith
14 hours ago
10
Quant fund says bitcoin is near a major inflection point as rare onchain signals align
14 hours ago
Latest Research
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
By
CoinDesk Research
Jun 15, 2026
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters
:
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
View Full Report
More From
Tech
Live markets: Bitcoin rebounds to nearly $60,000. Kospi, Nikkei sink
Coinbase's Base blockchain resumes after two-hour outage disrupted network
Live markets: Bitcoin settles in under $60,000
CD20
$1,600.38
CD20 down 3.78 percent
3.78%
BTC
$59,703.72
BTC down 3.15 percent
3.15%
ETH
$1,546.90
ETH down 6.33 percent
6.33%
XRP
$1.03
XRP down 5.32 percent
5.32%
SOL
$68.03
SOL down 1.92 percent
1.92%
Live updates: Bitcoin traders don't expect BTC to cross $75,000 as U.S.-Iran threats remain
Original YayaNews editorial coverage, published for informational purposes.
This article is sourced from CoinDesk. It is for informational purposes only and does not constitute investment advice.
Topics & Symbols
Continue Reading
Related Reading
Japanese giant SBI Holdings to buy Bitbank for $289 million
SBI said the acquisition, which is subject to regulatory approval, is set to close in October.
Polymarket Third-Party Vendor Compromise Drains $2.9M from Users
A third-party vendor compromise injected malicious code into Polymarket
Strategy’s $13 billion paper loss dwarfs dogecoin, BlackRock's BUIDL and hundreds of other tokens
Strategy’s paper loss exceeds the market caps of hundreds of tokens, highlighting the extreme concentration of risk in the crypto market right now.
Live markets: Bitcoin rebounds to nearly $60,000. Kospi, Nikkei sink
BTC sees a relief bounce as Asian stocks wilt following sharp losses on Wall Street.
