Bitcoin surged nearly 3% to $65,400 after the US and Iran reached an agreement to end hostilities and reopen the critical Strait of Hormuz.

Iran says the Strait of Hormuz remains closed despite Trump's 'great deal' claim, keeping oil, inflation and a BTC's price on edge.

The US and Iran agreed on a peace deal framework, sending Bitcoin past $64,000 as markets price in reduced geopolitical risk and ETF inflows accelerate.