Bitcoin Breaks $64K as US-Iran Talks Show Positive Progress, Hormuz Blockade May Lift

Bitcoin rallied past $64,000 after a joint US-Iran statement confirmed positive progress in Switzerland talks, including a roadmap to a final deal within 60 days and plans to reopen the Strait of Hormuz for commercial shipping.

• BTC rose to $64,652 after Pakistan and Qatar-mediated talks between the US and Iran ended with a positive joint statement.
• The parties agreed on a roadmap toward a final deal within 60 days and a direct communication line for the Strait of Hormuz.
• Iran's foreign minister confirmed the Hormuz blockade will be lifted and some frozen assets released.
• A de-confliction cell with Lebanon was established to maintain the cessation of military operations.
• Bitcoin's price reacted sharply to the diplomatic breakthrough, bouncing from negative territory on the news.

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