BTC Reclaims $64K Ahead of Expected Iran-US-Oman Hormuz Deal Today: Report
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Bitcoin has recovered from a dip to $62,200, gaining roughly $2,000 to trade above $64,000 as markets price in reduced Middle East risk. An Axios report that the US, Iran and Oman are closing in on an interim agreement to reopen the Strait of Hormuz is seen as lowering geopolitical risk and supporting crypto price momentum and adoption.
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Bitcoin’s price recovery from the dip to $62,200 continues, as the asset has added two grand and now sits confidently above $64,000. It appears that the market is pricing in the latest positive development on the Middle East uncertainty.
A report from Axios from earlier this morning indicated that the US, Iran, and Oman are “closing in on an interim agreement to reopen the Strait of Hormuz.” Moreover, it added that President Trump wants the confirmation to be announced today.
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In This News
Coins
$ 64.30K
+0.84%Predictions Markets
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