Bitcoin Surges Past $66,500 After Trump Says Strait of Hormuz Shipping Resumes

Bitcoin jumped 3.5% to $66,570 after Trump announced ships are moving through the Strait of Hormuz again, easing geopolitical tensions and sending oil prices down 5%.

• Trump posted on Truth Social that ships loaded with oil are moving out of the Strait of Hormuz along a safe southern route.
• Bitcoin rallied 3.5% to $66,570 as risk-on sentiment returned to markets.
• Crude oil prices dropped 5.13% to $80.53 per barrel, reversing the conflict-driven spike above $100.
• The U.S.-Iran peace deal is expected to be formally signed on June 19 in Switzerland.

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