Ceasefire Reopens Hormuz; Bitcoin Shorts, Worldcoin Surge

The United States and Iran signed the Islamabad declaration, a 60-day ceasefire, on June 14. The agreement reopened the Strait of Hormuz, the waterway that carries about one-fifth of global oil shipments. The announcement arrived over the weekend while major equity markets were closed. On June 15 the total cryptocurrency market capitalization rose 0.45% to $2.22 trillion, roughly 10% above a $2.02 trillion low on June 5.

Bitcoin traded near $65,437 on June 15. Short positions totaling about $246 million were liquidated over a 24-hour period. Oil prices fell by more than $12 per barrel from mid-last week. Market pricing shifted toward a higher probability of a Federal Reserve rate cut. Trading volume for Bitcoin has declined since June 8.

On technical charts, Bitcoin faces resistance around $66,294, a level that aligns with a 0.382 Fibonacci retracement and the 50-period exponential moving average near $65,849. A daily close above $66,294 would be viewed as a sign of further upside; failure to clear that level could leave Bitcoin range-bound or subject it to a retest of support near $63,534. The 200-day exponential moving average sits near $71,779.

Worldcoin (WLD) rose about 20% over 24 hours and traded near $0.58 after Eightco Holdings disclosed holdings of 283.45 million WLD, approximately 8.4% of circulating supply. The token has gained more than 120% from late-May lows near $0.27. WLD has traded inside a rising channel since mid-May and reached resistance around $0.59. Reported buying volume for WLD declined after June 11.

Chart levels for WLD include support near $0.54 and $0.48 if selling resumes. A daily close above $0.59 on higher volume would open targets near $0.64 and $0.71.

For the overall crypto market, $2.29 trillion is the next upside test. A sustained move above $2.29 trillion would expose levels near $2.37 trillion and $2.45 trillion. Closer support sits at $2.19 trillion; a break below that level could reopen the range toward the $2.02 trillion base.

The Islamabad declaration remains contested in some details. Iranian officials disputed elements of the timeline and limits on enrichment, leaving components of the agreement unresolved. Ongoing diplomatic and energy-market developments will affect how market prices evolve.