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Bitcoin drops 5% to $62K as U.S.-Iran peace deal reverses crypto gains

Market News
18 Jun 2026
Bitcoin
View Source
Bearish
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Bitcoin fell 5% to around $62,000 after a U.S.-Iran peace agreement erased earlier gains in the cryptocurrency market. The drop caused the total crypto market cap to fall 4.3% to $2.24 trillion. While global stocks rose following the peace deal, bitcoin and oil prices declined, reflecting reduced geopolitical risk and selling pressure. The slide wiped out significant long positions, signaling cautious trading ahead.

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Technical Signals
Neutral
7 hours ago
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