The US President added: “I hereby fully authorize the opening of the Strait of Hormuz free of charge.”
Bitcoin’s price moved on Sunday evening, jumping above $65,000 for the first time in nearly ten days.
The impressive jump in prices came after US President Donald Trump confirmed on his social media platform that the agreement with Iran, as he promised yesterday, is “now complete.”
I remember that the president male Iran announced yesterday that the United States and Iran have reached an agreement that would stop Iran’s attempts to develop or purchase nuclear weapons.
However, reports from the Middle Eastern country put that promise into doubt. Moreover, the attacks launched by Israel today on Lebanon Condensate Speculation is that a deal will not be announced on June 14.
However, the President of the United States posted a triumphant statement on Truth Social minutes ago, clarification The two sides reached an agreement.
“The agreement with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the free opening of the Strait of Hormuz, and at the same time, I authorize the immediate lifting of the naval blockade imposed by the United States. Ships of the world, start your engines. Let the oil flow!”
Bitcoin price has remained relatively calm after yesterday’s promise and today’s fresh attacks, trading between $63,500 and $64,800. It fell below $64,000 minutes before Trump’s announcement, but reacted with an immediate price spike.
It jumped above $65,000 for the first time since June 4, showing a 2% increase in the past hour alone. Most altcoins followed suit, with ETH rising above $1,700, SOL surpassing $70, and HYPE rising 4% in one hour.
You may also like:
The total value of crushed short positions jumped to $170 million in just the past hour, according to data from CoinGlass.
It is worth noting that there is still no confirmation from Iran about the deal, and history has shown that the two sides have often contradicted each other on what makes it to the mainstream media.
Free Binance $600 (CryptoPotato Exclusive): Use this link To register a new account and get an exclusive welcome offer of $600 on Binance (Full details).
Limited offer for Bybit’s CryptoPotato readers: Use this link To register and open a free position worth $500 on any currency!
