Bitcoin surges above 72,000$ after Trump announces USA and Iran ceasefire

Bitcoin surged after Donald Trump announced a two week ceasefire with Iran, which reduced fears of a bigger war. As a result, Bitcoin moved above $70,000 and gained around 4% as investor confidence improved. Furthermore, this rise follows weeks of price drops caused by strong war threats and market fear. However, the ceasefire is temporary and depends on key conditions like reopening the Strait of Hormuz, which is important for global oil supply. In the past, similar delays in attacks also pushed Bitcoin higher, showing how global events affect crypto prices. Therefore, if peace talks continue, Bitcoin may rise further, but any new conflict could quickly push prices down again.