Bitcoin Surges Past $65,500 as US-Iran Deal Eases Inflation Fears

Bitcoin's price surged above $65,500 following news of a U.S.-Iran deal that eased oil supply concerns and reduced inflation fears. This positive market sentiment helped boost crypto assets such as Ether and major altcoins.

Traders are now focused on the Federal Reserve's upcoming interest rate decision, expected to hold rates steady, which will provide crucial signals for crypto market direction in the coming days.

Coinbase CEO Brian Armstrong expressed optimism about Bitcoin's future, calling it 'the new digital gold' and predicting its price may rise significantly by 2030. However, veteran trader Peter Brandt forecasts a significant rally in the S&P 500, with futures nearing $7,550 and a potential rise to $7,904.