PANews reported on June 16th that, according to CoinDesk, Bitcoin briefly broke through $67,000 before falling back below $66,000, indicating that the market remains cautious about a US-Iran peace agreement. On Monday, Trump and Vance signed an electronic memorandum of understanding on a ceasefire between the US and Iran. Trump stated that the Strait of Hormuz would be fully open on Friday. Brent crude oil fell below $83, the S&P 500 rose 1.7%, and the Nasdaq 100 rose 3.1%, but Bitcoin's gains were limited. Axis co-founder Jimmy Xue stated that this is a rebound that the market has not yet fully bought in, rather than a clear return of risk appetite.

Bitcoin ETFs have just paused their outflows after four consecutive weeks of net outflows totaling approximately $5.4 billion, with marginal institutional buyers yet to return significantly. Chris Perkins, the incoming head of the crypto division at Franklin Templeton, stated that with the SpaceX IPO now complete, an improvement in the macroeconomic environment could attract retail funds back into the market. The probability of the Clarity Act passing remains uncertain; its passage, if successful, could further accelerate institutional participation. Short-term catalysts include Wednesday's Federal Reserve decision and Friday's agreement signing.