The price of Bitcoin is on the move on Sunday evening, exceeding $65,000 for the first time in ten days.
The impressive price rise came after US President Donald Trump confirmed on his social media that the deal with Iran, as promised yesterday, “is now done.”
Recall that the POTUS noted yesterday that Iran and the United States had reached an agreement that would end the former’s attempts to develop or purchase nuclear weapons.
However, reports from the Middle Eastern country call this promise into question. Additionally, today’s Israeli attacks on Lebanon have intensified speculation that no deal will be announced on June 14.
Nonetheless, the POTUS issued a triumphant statement on Truth Social, clarifying that the two sides had reached an agreement.
“The agreement with the Islamic Republic of Iran is now concluded. Congratulations to all! I hereby fully authorize the cost-free opening of the Strait of Hormuz and, at the same time, I authorize the immediate lifting of the US naval blockade. Ships of the world, start your engines. Let the oil flow!”
Bitcoin price remained relatively calm after yesterday’s promise and today’s new attacks, trading between $63,500 and $64,800. It had fallen below $64,000 minutes before Trump’s announcement, but responded with an immediate price rise.
It surpassed $65,000 for the first time since June 4, showing a 2% increase in the past hour alone.
