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Bitcoin shoots higher on Iran peace deal, with Strait of Hormuz set to open (opens original article in a new tab)

TL;DR

The US and Iran reached an interim agreement to end hostilities and reopen the Strait of Hormuz, with bitcoin prices rising and oil prices falling.

  • US and Iran reached an interim agreement to end hostilities and reopen the Strait of Hormuz
  • Bitcoin price rose to $65,700, up 2% in 24 hours
  • WTI crude oil price dropped nearly 5% to $81 per barrel
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