After the United States and Iran reached a temporary peace agreement, Bitcoin rose.

After reaching a temporary peace agreement between the United States and Iran, Bitcoin rebounded, paving the way for the reopening of the Strait of Hormuz and the restoration of energy supplies in the Gulf region. Pratik Kala, manager of the Apollo Crypto Fund, said that a key level to watch for the cryptocurrency is 67,000 US dollars, where several technical indicators, including trading volume and key moving averages, converge. Kala added that the risk associated with the sale of a portion of holdings by the largest Bitcoin buyer, Strategy, earlier this month has not been eliminated, but traders seem to have ignored it in light of the ceasefire agreement. Bitcoin rose 2.8% to $65,722.83.