$BTC After five months of false starts, denials, and reversals, the US-Iran peace process has produced its first confirmed concrete result. Despite renewed Israeli interference attempting to disrupt the process, Trump announced free passage through the Strait of Hormuz and authorized the immediate lifting of the US naval blockade against Iran. Iran's Deputy Foreign Minister confirmed that the text of a US-Iran memorandum of understanding has been finalized and will be formally signed in Switzerland this Friday, June 19.
Bitcoin responded immediately. According to HTX data, Bitcoin is trading at $65,642.70 — up 2.48% over 24 hours. Ethereum rose 3.65% to $1,723.88, pulling further away from the critical $1,420 support level that had been tested at $1,500 over the previous weekend.