Bitcoin Jumps on Iran Peace Deal as Strait of Hormuz Reopening Boosts Risk Sentiment

Crude oil prices are sliding sharply, while U.S. stock futures are pushing higher following easing geopolitical tensions.

The United States and Iran have reportedly reached an interim agreement to halt hostilities and reopen the Strait of Hormuz, with the formal signing expected in Switzerland on Friday.

Bitcoin has climbed to around $65,700, gaining 2% over the past 24 hours and reaching its highest level since the early June selloff.

West Texas Intermediate (WTI) crude has dropped nearly 5% to just below $81 per barrel, marking its weakest level in about two months.

Meanwhile, Nasdaq 100 futures are up about 1.5%, and S&P 500 futures have advanced roughly 0.9%.

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