Trump's Iran Peace Deal Sparks Crypto Surge to $67K

U.S. President Donald Trump's confirmation of the Iran peace deal sent shockwaves through global markets, propelling Bitcoin above $67,000 and lifting the total crypto market capitalization to $2.37 trillion.

The agreement, which includes the reopening of the Strait of Hormuz and the removal of the U.S. blockade on Iranian ports, was confirmed by Trump ahead of a bilateral meeting with French President Emmanuel Macron.

According to Trump, Iran will reopen the Strait of Hormuz by Friday and vessels passing through the waterway will not be charged tolls for 60 days. The president's comments followed an earlier Truth Social post in which he claimed ships were already moving out of the Strait of Hormuz.

Cryptocurrency prices surged after Trump confirmed that the agreement had been signed, with Bitcoin (BTC) rising over 5% to an intraday high of $67,217. Ethereum (ETH) outperformed Bitcoin, climbing more than 10% to $1,846, while several altcoins posted double-digit gains.

The total crypto market capitalization rose 4.7% over the past 24 hours to $2.37 trillion, with oil prices falling more than 5% below $80 per barrel in response to the prospect of renewed shipping activity through the Strait of Hormuz.