Two major developments came out today between Iran and the USA.

🇺🇸 Trump said a ceasefire with Iran could happen within 48 hours, but only if Iran agrees to reopen the Strait of Hormuz.

After that statement, Bitcoin jumped to $70,000.

🇮🇷 However, Iran rejected the ceasefire proposal and also refused to reopen the Strait of Hormuz.

Following that response, Bitcoin dropped back to $69,000.

This shows how quickly geopolitics can impact the crypto market.