CoinGape·2d 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.

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