Bitcoin Soars on US-Iran Deal, Eyes Key $67,000 Level

Bitcoin surged to its highest level in nearly two weeks following an agreement between the US and Iran to end hostilities and reopen the Strait of Hormuz.

The original cryptocurrency rose almost 3% in early Asia trading on Monday, reaching around $65,400 at 9:30 a.m. in Singapore.

Ether, the second-largest token, climbed as much as 3.7% to $1,731, while smaller tokens like Solana and XRP saw larger gains.

The market's risk appetite increased after President Donald Trump announced on social media that a peace deal with Iran was 'now complete' and that the US would end its blockade of the strait.