Analysis: Bitcoin's rebound has lagged behind that of stocks and crude oil, reflecting market caution regarding the US-Iran ceasefire agreement.

CoinFeed 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 the 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 into, rather than a clear return of risk appetite. Bitcoin ETFs have just paused outflows after four consecutive weeks of net outflows of approximately $5.4 billion, and marginal institutional buyers have not yet shown a significant return.