Bitcoin nears $66K as Trump says US has peace deal with Iran
Bitcoin rose to nearly $66,000 after Donald Trump said the US had brokered a peace deal with Iran that would reopen the Strait of Hormuz and ease a major geopolitical risk. BTC hit $65,881 on Coinbase, its highest level in 12 days, as traders moved back into crypto on hopes of lower oil pressure and greater stability. The agreement was not yet fully implemented, with final signing expected later in the week. Iranian officials also confirmed the deal and said the conflict would end immediately. Crypto markets gained about 2% overall, with some altcoins posting strong gains. At the same time, crude oil fell sharply, with WTI down 5% and Brent down 4.6%. Bitcoin had been recovering after briefly dropping below $60,000 earlier in the month, though it remains far below its October peak. More volatility is possible with the Fed decision due Wednesday.
