Bitcoin Surges to Two-Week High Following US-Iran Deal
- Bitcoin traded at approximately $65,844, marking a 2.1% increase over the last 24 hours.
- The cryptocurrency reached a low of $63,722 earlier in the day before the news of the US-Iran deal.
- This rally puts Bitcoin about 9% above its recent low of under $60,000.
- Ether rose by 2.5% to $1,721, while solana and XRP increased by approximately 3.6% and 3.2%, respectively.
- Brent crude oil prices fell over 4% to around $83 per barrel as geopolitical tensions eased.
The agreement between the US and Iran to end hostilities has positively impacted market sentiment, leading to significant gains in cryptocurrencies like Bitcoin and Ether. Additionally, Asian stocks surged more than three percent following this development.
As Bitcoin climbs back above $65,000 after touching lows near $60,000 last week, it reflects a broader recovery across major cryptocurrencies amid easing geopolitical fears.(Source)
