Bitcoin Approaches $66K Following Trump’s Iran Peace Deal Announcement
- Bitcoin (BTC) peaked at $65,881 on Coinbase, marking its highest price in over a week.
- The surge followed US President Trump’s declaration of a completed peace deal with Iran, expected to reopen the Strait of Hormuz.
- The broader cryptocurrency market saw a total capitalization increase of approximately 2% on the same day.
- Several altcoins, including Hyperliquid (HYPE), Zcash (ZEC), and Near Protocol (NEAR), experienced double-digit percentage gains.
- WTI Crude oil prices fell by about 5%, reaching just over $80 per barrel amid geopolitical shifts.
Trump’s announcement is perceived as reducing geopolitical risks, allowing for a more favorable environment for Bitcoin and other cryptocurrencies. The anticipated signing of the deal by Iran is expected to take place on Friday, further influencing market dynamics.
As Bitcoin approaches $66,000, it remains significantly below its peak of over $126,000 from October, highlighting ongoing volatility in the market. (Source)
