Crypto

Bitcoin Spikes Over $72K as Trump Announces Conditional Ceasefire With Iran

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In brief

  • Bitcoin jumped to highs over $72,000 as U.S. President Donald Trump announced a two-week ceasefire with Iran.
  • U.S. oil dropped 22% from $117 to $91 per barrel, as the ceasefire allows for the reopening of the Strait of Hormuz.
  • Analysts argued the truce provides “fragile breathing room,”…

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