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Bitcoin and most altcoins experienced a notable rise on Monday, June 16, as concerns over the ongoing Israel–Iran conflict eased, and investor accumulation gained momentum.

Bitcoin Surges to $107,000 Amid Market Rebound

Bitcoin climbed to $107,000, marking its highest point since June 12. The total cryptocurrency market capitalization also saw an increase, reaching $3.34 trillion. Among the top-performing tokens were Jito (JTO), SPX6900 (SPX), Hyperliquid (HYPE), and Kaspa (KASPA).

This rally in the crypto market was in tandem with the recovery of U.S. stock markets and a decline in crude oil prices. Futures linked to the Dow Jones rose by 225 points, and Nasdaq 100 futures gained 175 points. Meanwhile, oil prices dropped by over 1%.

Geopolitical Tensions and Market Reaction

The easing of Middle East tensions between Israel and Iran contributed to the market’s upward trend. While missile exchanges continued, analysts believe the conflict is likely to remain localized and not escalate into a broader international crisis involving nations like Russia or China.

“The market currently anticipates a limited conflict, though there is little indication that hostilities will end quickly. It is expected that fighting will continue unabated this week, albeit on a limited scale,” a CMC Markets analyst noted.

Historically, both stocks and cryptocurrencies tend to dip following “black swan events” but recover as fears subside. For instance, Bitcoin and altcoins saw sharp declines in March 2020 during the onset of the COVID-19 pandemic, only to rebound significantly afterward.

Bitcoin Accumulation Remains Strong

Bitcoin’s recent rally is also supported by signs of continued accumulation by investors. Notably, Michael Saylor’s firm added 10,100 BTC last week, bringing its total holdings to 592,100 BTC.

“Strategy has acquired 10,100 BTC for ~$1.05 billion at ~$104,080 per bitcoin and has achieved BTC Yield of 19.1% YTD 2025. As of June 15, 2025, we hold 592,100 BTC acquired for ~$41.84 billion at ~$70,666 per bitcoin,” Saylor announced.

This acquisition is significant, as Bitcoin mining companies are currently producing just 3,150 coins per week. Other firms and investment vehicles have also shown strong interest in Bitcoin. For example, Metaplanet surpassed the 10,000 BTC milestone, while companies like GameStop and Trump Media remain in an accumulation phase.

Market Awaits Federal Reserve Decision

Another factor contributing to the uptick in crypto prices is the anticipation of the upcoming Federal Reserve meeting on Wednesday. Investors are closely monitoring the Fed’s stance, especially following last week’s softer-than-expected U.S. inflation data. A dovish tone from the central bank could provide further bullish momentum for Bitcoin and other altcoins.

As the cryptocurrency market continues to evolve, the combination of geopolitical developments, institutional accumulation, and macroeconomic factors will remain key drivers of price action.

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