Bitcoin Tops $67,000 After Trump Declares US-Iran Deal Complete and Hormuz Reopening (2 minute read) (opens in new tab)

Bitcoin crossed $67,000, a two-week high, after President Trump declared the US-Iran nuclear deal complete and announced the Strait of Hormuz would reopen. Oil fell roughly 4% on the news, reflecting a broader risk-on shift across asset classes. Approximately $150 million in crypto short positions were liquidated as prices moved higher, amplifying the rally through forced buying. The move ties Bitcoin's short-term price action to macroeconomic and geopolitical developments rather than crypto-...