Bitcoin has surged to its highest level in nearly two weeks after the US and Iran announced an agreement to end hostilities and reopen the Strait of Hormuz. The original cryptocurrency rose as much as 5.1% to around $67,250 on Monday, with investors resuming purchases of risk assets.
Ether, the second-largest token, also saw a significant gain, jumping nearly 11% at one point to roughly $1,850. Smaller tokens such as Solana and XRP experienced big gains alongside Bitcoin.