JD Vance announced a 60-day US-Iran negotiation period after a preliminary deal reopened the Strait of Hormuz, sending oil from $120 to $80 per barrel.

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 deal reopens the Strait of Hormuz, sending oil from $126 to $80 per barrel. Here's what it means for Bitcoin and crypto markets.