Bitcoin heads higher as President Trump announces Iran peace agreement
Summary
Bitcoin recovered from a weekend dip, climbing to $76,700 after President Trump announced a significant diplomatic breakthrough. In a statement on Truth Social, Trump revealed that an agreement between the United States, Iran, and other regional nations is largely finalized, which includes the reopening of the Strait of Hormuz. The news provided a positive catalyst for the market, effectively reversing a 4% decline that occurred late Friday and early Saturday.
(Source:CoinDesk)