Canadian Crypto Observer

By Aditya Nain on June 24, 2026 Estimated reading time: 4 minutes

What the U.S. and Iran ceasefire means for Bitcoin

By Aditya Nain on June 24, 2026 Estimated reading time: 4 minutes

A U.S.-Iran ceasefire has eased oil prices and inflation fears. Here's what that could mean for bitcoin prices and the crypto market in 2026.

The past two months have been a rollercoaster of hope and disappointment for bitcoin (BTC) investors. In late February of 2026, BTC touched a low of about $63,000 (all figures in U.S. dollars unless otherwise specified), which was a fall of close to 50% from its October 2025 high of about $123,000. 

If you read this column regularly you’ll know that this itself was not surprising for two reasons. First, BTC cyclical tops are often at the end of the year following the BTC halving (2024 in this case). And second, because BTC cyclical crashes have historically been much more than 50%. 

However, BTC investors were buoyed by its resilience through the first month of the U.S.-Israel-Iran war when the asset performed way better than the stock market or gold. In fact, in February and March of 2026, BTC had a great run from $63,000 to $81,000. This, unfortunately, was short lived as BTC quickly retraced its steps all the way back down to hit about $60,000 in early June of 2026. 

Is BTC going to bounce around all of 2026? More on that........

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