Bitcoin surged to a two-week peak, approaching $66,000, following an announcement from US President Donald Trump regarding a peace agreement with Iran. During trading on Monday morning, the cryptocurrency reached $65,881 on Coinbase, marking its highest price since June 3.
Trump revealed on his Truth Social platform that the United States has finalized a deal with Iran to facilitate a "toll-free opening of the Strait of Hormuz" and lift the naval blockade. He encouraged global shipping to commence as oil flow is set to resume following the anticipated signing of the agreement on Friday.
Andri Fauzan Adziima, from Bitrue Research Institute, noted that the potential peace deal reduces significant geopolitical risks, promoting a favorable environment for crypto investments. Despite the optimism, he warned of possible complications in finalizing the agreement.
The specifics of the deal remain unclear, with the implementation contingent upon Iran's signature, expected under Pakistan's mediation.