The US and Iran signed a 60-day ceasefire extension, reopening the Strait of Hormuz. Bitcoin surged past $65K as oil prices and energy security concerns

The US and Iran signed a 60-day ceasefire reopening the Strait of Hormuz. Oil dropped 3%, Bitcoin climbed above $65K as markets priced in reduced risk.

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