Bitcoin jumps as Trump’s Iran deal reopens Hormuz – but will Warsh’s first Fed meeting kill the rally?
Bitcoin rebounded above $65,000 after a US-Iran peace breakthrough eased geopolitical fears and reduced the war premium across markets. Bitcoin rose more than 3% intraday, while Ethereum also gained. The deal reopened the Strait of Hormuz and removed a key energy-supply risk, sending oil prices lower and lifting equities and crypto. The move also reflected signs that selling pressure may be tiring: US spot Bitcoin ETF outflows slowed sharply last week, with one day of net inflows, and large-holder selling eased as more BTC moved into cold storage. Derivatives positioning remains important, since negative-gamma hedging helped amplify the recent drop and could either support or pressure price depending on whether Bitcoin holds current levels. The key near-term level is $65,000; a push toward $68,000–$70,000 would strengthen the rebound, while a drop below $62,000 would put $60,000 back in focus.
