Bitcoin Rises Following Iran Peace Agreement, Strait of Hormuz to Reopen

Crude oil prices fall significantly as stock futures rise.

The U.S. and Iran have finalized an interim peace agreement aimed at reducing hostilities and reopening the critical Strait of Hormuz, with a signing ceremony set for Switzerland this Friday.

In response to this development, Bitcoin's price has risen to $65,700, reflecting a 2% increase over the past 24 hours, marking its highest value since early June.

Concurrent with Bitcoin's rise, WTI crude oil has dropped nearly 5%, now trading just under $81 per barrel, the lowest level seen in two months.

Stock market futures are also showing positive movement, with Nasdaq 100 futures up by 1.5% and S&P 500 futures increasing by 0.9%.