After falling about 4% late Friday and early Saturday, Bitcoin has more than regained that loss in the past few minutes after President Trump announced upcoming deals with Iran and other Middle Eastern countries.
“The agreement is largely negotiated and is subject to finalization between the United States, the Islamic Republic of Iran, and various other countries,” Trump said in a post on Truth Social.
“In addition to many other elements of the agreement, the Strait of Hormuz will be opened,” the president continued.
The news sent Bitcoin soaring to $76,700 after falling to nearly $74,000 early Saturday.
