Cryptocurrency
fromnews.bitcoin.com
1 week agoBitcoin Tops $79,000 as Trump Extends US-Iran Ceasefire, S&P 500 Climbs
Bitcoin reached an 11-week high above $79,000 after the U.S.-Iran ceasefire was extended indefinitely.
The reopening of Hormuz is critical to the world's oil trade because its closure has resulted in the loss of millions of barrels of supply to global markets. A resumption would alleviate pressure on increasingly tight physical markets everywhere.