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Bitcoin held near $65,000 Sunday after President Trump said the Strait of Hormuz would "open to all" under a new US-Iran peace agreement, a geopolitical shift that analysts said created conditions favorable to a sustained rebound in the cryptocurrency.
The token stayed close to recent local highs as the diplomatic development reduced one of the more concrete risk overhangs that had pressed on global markets.
The Hormuz Pledge and What It Means for Crypto Trump's statement that the critical oil shipping lane would remain open to all parties under the deal matters to crypto traders for the same reason it matters to equity desks: a closed or contested Hormuz raises energy prices, stokes inflation fears, and pushes capital toward safety rather than risk assets.
Bitcoin, which tends to trade as a risk-on vehicle during geopolitical stress, had been operating under that shadow. An explicit pledge from the U.S.
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