Bitcoin Nears $66K After Trump Announces Iran Peace Deal

Bitcoin came just shy of $66,000 during Monday morning trading after US President Trump said the US had brokered a peace deal with Iran that would reopen the Strait of Hormuz. Trump posted on Truth Social: "The deal with the Islamic Republic of Iran is now complete.

Congratulations to all!" and added, "I hereby fully authorize the toll-free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade." Markets reacted positively, with Bitcoin reaching $65,881 on Coinbase on Monday morning, according to TradingView.

It was the highest the asset had traded in 12 days, having not been over $66,000 since June 3.

United States, Strait of Hormuz

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