Bitcoin Surges to Two-Week High on US-Iran Peace Deal

Bitcoin's price has surged to a two-week high of $65,437 following the US-Iran peace deal. This move comes after the cryptocurrency dropped below $60,000 last week due to increased tensions and rate hike expectations.

The Iran deal has pulled the energy-supply premium out of oil, causing Brent crude to slump 4% to $83 a barrel. As a result, risk assets have sharply increased across various markets, with Asian stocks jumping over 3% and Japan's Nikkei heading for a record close.

Coinbase CEO Brian Armstrong believes that Bitcoin has likely bottomed at around $60,000 and expects the price to rise significantly by 2030. He also confirmed that he remains long on Bitcoin.