Bitcoin Jumps on US-Iran Deal as Risk Assets Surge

BTC rose 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 cryptocurrency climbed as much as 3.7% to $66,326 on Monday, while Ether, the second-largest token, jumped 5.9% to $1,767.

The deal between the US and Iran appears to have provided a boost to risk assets, with smaller tokens such as Solana and XRP also seeing significant gains.