Bitcoin price increased by $2,500, now approaching $77,000, after rebounding from its lowest monthly level earlier today at $74,000.


Trump's announcement of a peace agreement with Iran led to a market rally, with one analyst saying that Bitcoin's poor performance compared to stocks is over.
Bitcoin rose by more than 3% after President Donald Trump announced that the United States is close to reaching a peace deal with Iran and other Middle Eastern countries.
Bitcoin is currently trading at $76,800, pushing its market value to over $1.53 trillion, while trading volume remained at $28 billion.
It had earlier dropped to $74,300, its lowest level in four weeks.
This rebound came after President Trump announced that the peace agreement with Iran "has been largely negotiated." He added:
"Final aspects and details of the agreement are currently being discussed and will be announced soon. In addition to many other elements of the agreement, the Strait of Hormuz will be opened."
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