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Bitcoin’s price rose to around $77,000 after U.S. President Donald Trump announced that an agreement with Iran is nearing completion, boosting investors’ appetite for risk and pushing cryptocurrencies higher.
Bitcoin climbed by more than 2% over the past 24 hours, amid a broad rally across the digital-asset market, driven by investors’ optimism that geopolitical tensions between the United States and Iran could ease.
Gains extended to other major cryptocurrencies, with Ethereum rising by more than 2% to reach $2,116, while XRP climbed by about 1.4% to $1.35, and Solana rose by 1.48% to record $86.33.
The move came after Trump’s remarks via the Truth Social platform, in which he indicated that an agreement had been reached largely, and that he is awaiting the final signing between the United States, Iran, and several other countries.
Trump added that the agreement includes several important provisions, including the reopening of the Strait of Hormuz, one of the most important strategic corridors for global energy trade.
Traders believe that any progress toward reducing tensions in the region could support high-risk assets, including cryptocurrencies, as concerns related to energy markets and global trade decline.
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