0725 GMT - Bitcoin pulls back following a tepid recovery Monday after the U.S. and Iran agreed an interim peace deal and bitcoin-hoarding firm Strategy said it bought 1,587 bitcoin for $100 million. "Investors still need evidence that tanker traffic normalizes, the agreement holds, and the energy-risk premium continues to unwind," Zaye Capital Markets analyst Naeem Aslam says in a note. Traders are also cautious as a relief rally still needs confirmation of crypto exchange-traded fund inflows, a weaker dollar, lower Treasury yields, and bitcoin holding above the $65,000 to $66,000 zone without depending only on reduced geopolitical tensions, he says. Bitcoin falls 0.1% to $66,412 after reaching a 12-day high of $67,241 Monday, LSEG data show. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
June 16, 2026 03:25 ET (07:25 GMT)
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