Bitcoin Jumps to $76,700 as Trump Announces Iran Peace Deal

8 articles · Updated · CoinDesk · May 23

$76,700 marked bitcoin’s rebound late Saturday after it had slid nearly 4% and briefly traded near $74,000 earlier in the day.
Trump’s announcement of a largely negotiated agreement with Iran and other Middle Eastern countries triggered the reversal, with the deal still subject to finalization.
The Strait of Hormuz would reopen under the agreement, easing a key regional risk that had weighed on sentiment before the announcement.

With Iran disputing key terms of the peace agreement, how long can the market rally on hope alone?

As a fragile peace deal boosts Bitcoin, why are institutional investors simultaneously pulling billions from its ETFs?