Key Takeaways

• Bitcoin rebounds: The world’s largest crypto rose 2.3% to $65,809.9, continuing its recovery from recent annual lows.
• U.S.-Iran MOU confirmed: Both sides announced a memorandum of understanding Sunday, with formal signing set for Friday.
• Deal details: The agreement includes an immediate end to hostilities, Hormuz reopening within 30 days, nuclear talks, and discussions on unfreezing Iranian assets.
• Risk-on surge: Equities and Wall Street futures advanced sharply in Asian trade on the peace deal news.
• ETF outflows slow dramatically: Spot Bitcoin ETFs saw $315.8 million in outflows last week — much smaller than the $1 billion+ weekly exits seen over the past four weeks.
• Fifth straight week of outflows: Despite the slowdown, the institutional selling streak remains unbroken.
• AI rotation persists: Investors continue favoring AI stocks with clearer fundamentals over crypto assets.
• Ether gains 2.3%: Rose to $1,717.60.
• XRP climbs 2.9%: Outperforming Bitcoin on the risk-on mood.
• Cardano and Solana lead: Both gained over 4% each.
• BNB adds 1%: Modest gains for Binance’s token.
• Dogecoin rises 1.1%: Memecoins mostly participated in the rally.
• $TRUMP bucks the trend: The memecoin fell 2.5% despite the broader recovery.

Bitcoin rose on Monday, further recovering from recent losses after the announcement of a U.S.-Iran peace deal sparked a rally in risk-driven markets.

The world’s largest crypto also benefited from slowing capital outflows in spot exchange-traded funds, although ETFs still marked a fifth straight week of outflows.

Bitcoin rose 2.3% to $65,809.9 by 01:26 ET (05:26 GMT).

U.S. and Iran Announce Peace Deal, Spur Risk-On Rally

The United States and Iran on Sunday confirmed that they had agreed to a memorandum of understanding to end their war, with the deal set to be signed on Friday.

The agreement will include an immediate end to hostilities, coupled with the reopening of the Strait of Hormuz within 30 days.

The United States and Iran will open dialogue over the latter’s nuclear ambitions, and will also discuss the unfreezing of Iranian assets held abroad.

Announcement of the deal spurred increased optimism over an end to the Iran war and its impact on the global economy. Risk-driven assets surged sharply on the deal, with equities and Wall Street futures advancing in Asian trade.

Bitcoin ETF Outflows Cool But Mark Fifth Straight Week

Institutional outflows from spot ETFs eased slightly last week, although ETFs still marked a fifth straight week of outflows.

Spot ETFs saw capital outflows of $315.8 million last week — much smaller than the over $1 billion outflows seen over the past four weeks.

Bitcoin had slumped to annual lows over the past month, battered by a combination of Iran war risk aversion, rising rate hike expectations, and a rotation into AI-linked equities.

Crypto markets were also seen coming under pressure from a broader pivot into artificial intelligence stocks, as investors sought assets with clearer fundamentals.

Crypto Price Today: Altcoins Drift Higher

Broader crypto prices mostly advanced on Monday, although gains remained limited after a sharp drop in recent weeks.

Ether rose 2.3% to $1,717.60, while XRP rose 2.9%.

Cardano and Solana rose over 4% each, while BNB added 1%.

Among memecoins, Dogecoin rose 1.1% while $TRUMP fell 2.5%.