Taiwan stocks surge by 1,200 points, Bitcoin approaches 66K! The US and Iran temporarily cease fire, next focus on TSMC's earnings call?

U.S. and Iran reach a ceasefire agreement and reopen the strait, spurring Taiwan stocks to surge by more than 1,200 points and return to the 45,000 level. Bitcoin also jumps toward nearly $66,000, while SpaceX’s IPO market value surpassed $2 trillion last week.

Taiwan stocks surge 1,200 points; U.S. and Iran will sign a peace agreement

Has the U.S.-Iran conflict clearly eased? The United States and Iran announced a temporary ceasefire agreement and will reopen the Strait of Hormuz, significantly reducing the market’s concerns about disruptions to energy supply** and driving Asian stock markets higher across the board. Today, Taiwan’s weighted index surged by more than 1,200 points under the leadership of TSMC, successfully reclaiming the key 45,000-point level.**

Meanwhile, the cryptocurrency market was also encouraged, with Bitcoin prices continuing to climb.

Taiwan returns to the 45K level; Asian stocks rise across the board

Benefiting from signs of the end of the U.S.-Iran conflict, all four major U.S. stock indexes closed higher last Friday. The Dow Jones Industrial Average rose by more than 350 points, the Philadelphia Semiconductor Index continued to advance by 1.5%, and the ADRs of TSMC and United Microelectronics also moved up in sync.

Today, Taiwan stocks jumped sharply on TSMC’s gap-up rally, driving the index to climb rapidly to more than 1,250 points, once again reclaiming the 10-day moving average and the 45,000-point threshold.

Asian stock markets also performed strongly, with Japan and South Korea surging by more than 5%, and Australia’s stock market rising by more than 2%. Pakistani Prime Minister Shehbaz Sharif confirmed that the U.S.-Iran peace agreement will be officially signed in Switzerland on June 19.

Bitcoin breaks through 65K; experts suggest a short squeeze may be brewing

After U.S. President Donald Trump announced the full opening of the Strait of Hormuz, the cryptocurrency market saw a rebound. In the past 24 hours, Bitcoin rose by 2%, reaching above $65,800 at its highest.

Crypto trader SuperBro’s analysis indicates that Bitcoin’s 200-week simple moving average has successfully provided support. The $65,000 to $67,000 range will be a major test; if Bitcoin can break through this zone, bearish expectations will be severely hit.

Another trading account, Cryptic Trades, observed that Bitcoin open interest has increased and the funding rate has declined. It believes the market currently lacks bullish confidence, with bears adding to their short positions. This kind of excessive pessimism is often a condition for forming a durable bottom and could trigger an aggressive short-squeeze rally.

SpaceX IPO successfully lists; focus shifts to TSMC’s earnings call

In addition to geopolitical risks cooling down, momentum in the technology sector continues to support market sentiment.

A report from 《CNBC》 said that after SpaceX’s IPO listed last week, it set a historic record: market capitalization surpassed $2 trillion, becoming the largest IPO in history. Evan Schlossman, head of SuRo Capital, said that SpaceX’s successful listing reflects strong investor demand and interest in innovative and technology-focused companies.

《Economic Daily》 also quoted institutional perspectives, saying that after monthly chart support emerged, Taiwan stocks have entered a phase where bulls are trying to challenge the previous trapped-share zone. Going forward, the main focus of the market will be TSMC’s earnings call, year-end profit-taking, and demand from the traditional peak season. It is suggested that investors shift their attention to fundamentally strong stocks, with an optimistic outlook for individual stocks in the second half of the year.

Further reading:
Wall Street’s Big Short: SpaceX IPO is only supported by dreams—it's not worth $1.75 trillion!

SpaceX IPO ignites a retail frenzy! Some people even want to take out loans to buy shares—fans: Buy more and more!

This article is compiled by Crypto Agent from information gathered from various parties, and is reviewed and edited by Crypto City. It is still in the training stage, so there may be logical biases or information errors. The content is for reference only—do not treat it as investment advice.