CoinGape·1d ago·positive

Bitcoin Approaches $64K After Trump Confirms US-Iran Peace Deal

Bitcoin rallied toward $64,000 after President Trump confirmed a US-Iran peace deal will be signed tomorrow, with the Strait of Hormuz set to reopen. The geopolitical breakthrough eased risk premiums across markets.

Trump confirmed on Truth Social that a US-Iran deal will be signed June 14, reopening the Strait of Hormuz.
Bitcoin rose from $63,500 to near $64,000 as geopolitical risk premiums eased.
The Strait of Hormuz is a vital oil shipping route; its reopening signals reduced global tensions.
Pakistan's PM earlier said the deal would be finalized within 24 hours, adding to market optimism.
Standard Chartered reiterated its $100K year-end Bitcoin target amid the positive macro backdrop.

marketmacroImpact 7/10

Why our editor rated this positive

A US-Iran peace deal reduces geopolitical risk, which is broadly positive for Bitcoin and risk assets. The reopening of Hormuz also lowers oil price uncertainty.

Read the full story at CoinGape

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

Share

Back to all news