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Bitcoin dips 1.4% amid US-Iran MoU but Santiment sees long-term gains ahead

Market News
16 Jun 2026
Bitcoin
View Source
Neutral
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Bitcoin fell to an intraday low of $65,301 on June 16, 2026, dropping 1.4% despite positive global market reactions to a US-Iran memorandum of understanding (MoU). The decline triggered $81 million in derivatives liquidations, reflecting short-term volatility. However, blockchain analytics firm Santiment suggests the MoU could lead to a sustained capital rotation into Bitcoin as geopolitical stability reduces risk premiums, potentially supporting a longer-term bull market. Meanwhile, traditional markets and oil prices reacted differently, with equities mostly stable and oil prices falling due to expected resumed shipping through the Strait of Hormuz.

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