Bitcoin fell nearly 4% from late Friday to early Saturday The losses incurred in the last few minutes have been recovered after President Trump announced the upcoming deal with Iran and other Middle Eastern countries.
“An agreement has been substantially negotiated and is subject to finalization between the United States, the Islamic Republic of Iran, and various other countries,” Trump wrote in a Truth Social post.
The president added, “In addition to many other elements of the agreement, the Strait of Hormuz will be opened.”
The news sent Bitcoin sharply higher to $76,700 after falling to around $74,000 on Saturday.