Bitcoin reclaims $74K after a U.S.-Iran deal to reopen the Strait of Hormuz sparks a crypto surge and $111M market liquidation event.

Bitcoin does the opposite to US stocks on new Iran peace hopes as BTC price action follows oil lower.

Trump says a deal with Iran to reopen the Strait of Hormuz is largely negotiated. Bitcoin rallied on reduced geopolitical risk as traders eye a 60-day ceasefire.