The announcement of a deal between the U.S. and Iran has pushed oil prices lower, lifted stock futures and helped Bitcoin rebound. The data suggests that Bitcoin's rally lacks demand support. Coinometrics delivers professional-grade crypto and macro analysis to help institutional investors make data-driven decisions.

According to a report published by the European Central Bank, Gold has overtaken U.S. government bonds to become the world’s leading reserve asset, accounting for 27% of all global central bank reserve assets with a value of more than $4 trillion. CME Lithium Futures are up 86% year-to-date and trading above $20,000 per metric ton. Rare Earths have gained more than 17%, Copper is up 28%, Aluminium has surged over 41%, and Uranium has advanced 22%.

On Sunday, President Trump announced that a peace deal with Iran was “complete” and the reopening of the Strait of Hormuz. On Monday morning, Bitcoin reached $66,800. Strategy bought 1,587 BTC between June 8 and June 14 for approximately $100 million at an average price of $63,024 per coin.

The world is watching the potential signing of the peace "MOU" between the Iranians and Americans. The headlines continue to suggest that it is still a "moving target" and that it's not a done deal yet. i.e. it's still a possibility.

Standard Chartered’s head of digital assets research, Geoff Kendrick, wrote that Bitcoin's slide to roughly $59,000 on June 5 marked the cycle low. The bank is holding a $100,000 year-end target and expects Ether to outperform Bitcoin on the way up. The three overhangs that had been grinding crypto lower for weeks are all starting to lift at once.