The US and Iran have agreed to a two-week ceasefire, following a series of tense negotiations. This development has had a significant impact on the global markets, with Bitcoin prices surging in response.
According to CoinMarketCap, Bitcoin reached $72,339 after the announcement, marking its highest value in 20 days. The cryptocurrency has historically been sensitive to geopolitical tensions, and any hints of easing have often triggered relief rallies among investors.
The ceasefire agreement comes as a surprise, given President Trump's previous threats against Iran. However, it remains unclear whether this development will lead to a lasting resolution or simply a temporary reprieve.