Bitcoin Bounces Below $66K Following U.S.-Iran Ceasefire, Trailing Stock and Oil Gains

BTC1.34%
According to CoinDesk, Bitcoin bounced below $66,000 on June 16, a day after the U.S.-Iran ceasefire agreement was signed, while equities surged. The S&P 500 rose 1.7% and Nasdaq 100 gained 3.1%, while Brent crude dropped below $83. Bitcoin's gains remained limited compared to broader market strength. Bitcoin ETF net outflows, which totaled approximately $5.4 billion over four consecutive weeks, have now paused, signaling cautious institutional sentiment despite the geopolitical relief rally.
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