Crypto Market Surges as Trump Confirms U.S.-Iran Peace Deal

U.S.-Iran peace deal signed by President Trump has led to the crypto market extending its gains. The total crypto market cap reached an intraday high of almost $2.3 trillion, according to TradingView data, with Bitcoin climbing above the psychological $67,000 level.

The president confirmed that he had signed the deal ahead of his bilateral meeting with French President Emmanuel Macron, stating that Iran will reopen the Strait of Hormuz by Friday and that it will be toll-free for sixty days.

A senior U.S. official confirmed that both the U.S. and Iran had signed the deal, which includes the immediate opening of the Strait of Hormuz and the lifting of the U.S. blockade.