Bitcoin Soars as Trump Delays Strikes on Iranian Energy Infrastructure

Bitcoin prices experienced a significant surge on Monday following an announcement by US President Donald Trump. According to Trump, the US would postpone all strikes on Iranian energy infrastructure for five days, citing 'productive' talks between the two nations.

The development has led to an increase in risk assets, causing Bitcoin to jump 4.5% to $70,947.6. This marks a positive trend for the world's largest cryptocurrency, which was previously trading in the red.

Trump's announcement comes after tensions between the US and Iran escalated over the weekend, with Trump stating that there is a possibility of making a deal. However, Iranian state media has disputed this claim, stating that Tehran has had no direct discussions with the US.