Bitcoin rebounded by approximately $1,500 to around $63,500, after falling to an 18-day low at $62,200. This rise follows US President Donald Trump’s announcement on Truth Social that he canceled planned strikes on Iran and agreed to negotiate a deal including the reopening of the Strait of Hormuz and an end to Iran’s nuclear threat. Israel joined this commitment according to Trump. The actual impact of this de-escalation is expected to be felt on Monday morning on the markets.
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