Bitcoin Price Soared Past $78K as Trump Says Iran Agreed to Halt Nuclear Program

With almost seven weeks into the war in the Middle East, the two main sides, the US and Iran, announced some major de-escalation news on Friday, which included the reopening of the Strait of Hormuz and some progress on the peace talk front. This resulted in immediate volatility in all financial markets, with BTC surging to a 10-week peak of over $78,000. The altcoins followed suit, resulting in rising liquidations. D…