A ceasefire in April collapsed, and US strikes broke a second truce on June 9 with bitcoin giving back the entire move both times.

The price of crude oil is tumbling, and U.S. stock futures are moving higher.

A peace agreement that reopens the Strait of Hormuz pulled the geopolitical premium out of oil and put back into risk assets.

A ceasefire in April collapsed, and US strikes broke a second truce on June 9 with bitcoin giving back the entire move both times.

Bitcoin climbed about 2.4% to near 66,000, a two-week high, after a US-Iran deal to reopen the Strait of Hormuz sent oil lower and lifted risk markets.

The US and Iran reached an interim deal to reopen the Strait of Hormuz, easing oil supply fears. Bitcoin rallied 2% to $65,800 on the news.

Oil prices drop nearly 5% as the US and Iran agree to a ceasefire framework, reopening the Strait of Hormuz. Bitcoin rallies to a two-week high above

The US-Iran peace deal reopens the Strait of Hormuz and ends the naval blockade, pushing Bitcoin above $65,500 while oil drops over 4% to $83 per barrel.

The US-Iran interim peace deal reopens the Strait of Hormuz, sends oil prices down over $3 per barrel, and pushes Bitcoin toward $64,100 in a broad risk-on

The tentative US-Iran ceasefire MoU sent Bitcoin above $65,500 as oil prices dropped. Here's what crypto investors should watch as implementation details

US and Iran agree to extend ceasefire 60 days and reopen Strait of Hormuz toll-free. Bitcoin surged past $65K as oil prices dropped 3-5% on the news.