Bitcoin Taps $72K as Trump Agrees to Two-Week Ceasefire With Iran

Bitcoin prices tapped $72,380 in early trading in Asia on Wednesday morning, its highest level since March 18, three weeks ago. However, it has still not broken out of a two-month-long rangebound channel, so gains are likely to be short-term. The move followed an announcement by US President Trump for a two-week ceasefire with Iran, subject to the reopening of the Strait of Hormuz. Iran accepted the proposal, and it …