$BTC Bitcoin moved sharply higher after President Donald Trump announced that a peace agreement with Iran is close to finalization. The crypto market reacted instantly as investor confidence returned following days of geopolitical uncertainty across the Middle East.

Earlier, Bitcoin had dropped under pressure as traders feared further escalation around the Strait of Hormuz, one of the world’s most important oil shipping routes. However, market sentiment changed quickly after reports suggested that negotiations between the United States, Iran, and regional countries were making progress.

According to Trump, the agreement could reopen the Strait of Hormuz and reduce tensions in the region. This news pushed Bitcoin back toward the $77,000 level as traders shifted back into risk assets. Many analysts believe that easing global tensions often supports crypto markets because investors become more willing to take risks again.

The rally also affected the broader crypto market, with Ethereum and several altcoins posting gains alongside Bitcoin. Trading activity increased significantly within hours of the announcement, showing strong market interest in geopolitical developments.

Despite the optimism, traders remain cautious because the agreement has not yet been fully finalized. Any delays or disagreements in negotiations could create fresh volatility across financial markets. Still, the latest rebound highlights how closely Bitcoin now reacts to global political and economic events.

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