Cryptocurrency markets have experienced a significant recovery in recent days following a breakthrough in negotiations between the US and Iran. According to an update from US President Donald Trump, a deal has been largely negotiated among the United States, Iran, and several Middle Eastern countries.
The agreement, which is subject to finalization, includes the reopening of the Strait of Hormuz, a key waterway that has caused global energy prices to spike. The closure of the strait has had a significant impact on investments in high-risk assets such as cryptocurrency, with prices retreating recently.