Bitcoin surged past $65,000 on Monday, June 22 after the U.S. Treasury issued a temporary General License authorizing the production, delivery, and sale of Iranian crude oil, petroleum products, and petrochemicals.
Price Movement
Data from crypto.news show Bitcoin (BTC) rallied more than 3.5 % from an intraday low of $63,231 to a peak of $65,468 before settling near $65,000 at the time of writing. The rapid climb reflected heightened buying pressure from investors reacting to the latest geopolitical update.
Geopolitical Context
The Treasury’s announcement links the license to productive diplomatic talks in Switzerland, where Iran pledged to keep the Strait of Hormuz open for free transit. Treasury Secretary Scott Bessent also highlighted Iran’s agreement to allow International Atomic Energy Agency inspectors back into the country.
Market Sentiment
Additional optimism arrived when U.S. Vice President JD Vance confirmed Iran’s consent to nuclear inspections, reinforcing expectations of reduced geopolitical risk. The combined signals have bolstered confidence among crypto investors, supporting the blockchain asset’s rebound.