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After five months of false starts, denials, and reversals, the peaceful process between the US and Iran has finally yielded its first confirmed results. Despite renewed interference from Israel, which is trying to derail the process, Trump announced an open passage through the Strait of Hormuz and authorized the immediate lifting of the US naval blockade against Iran. Iran's Deputy Foreign Minister confirmed that the text of the memorandum of understanding between the US and Iran has been finalized and will be formally signed in Switzerland this Friday, June 19.
Bitcoin responded immediately. According to HTX data, Bitcoin is trading at $65,642.70 — up 2.48% in 24 hours. Ethereum increased by 3.65% to $1,723.88, moving away from the critical support level at $1,420, which was tested at $1,500 last weekend.
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