The US-Iran preliminary deal to end the naval blockade is boosting Bitcoin past $63K as risk-on sentiment surges across crypto and commodity markets.

Trump says US and Iran will sign a deal Sunday to reopen the Strait of Hormuz. Here's what the MOU includes and what it means for crypto markets.

Trump says a US-Iran deal will be signed June 14, including Strait of Hormuz reopening and sanctions relief. Iran hasn't confirmed. Bitcoin climbs toward