In a dramatic turn of events, Bitcoin has surged beyond the $67,000 mark following confirmation that US President Donald Trump and Iranian officials have finalized a peace agreement. The development has injected optimism into financial markets, pushing the total cryptocurrency market capitalization to $2.37 trillion, a 4.7% increase over the past day.
Trump announced the deal during a bilateral meeting with French President Emmanuel Macron, revealing that the accord has already been signed despite a formal ceremony scheduled for Friday in Geneva. He added that the Strait of Hormuz would reopen by Friday, with no tolls on vessels for 60 days. This follows earlier indications that ships were already moving through the strategic waterway.
Bitcoin climbed over 5% on Monday, reaching an intraday high of $67,217 before stabilizing near $66,560. Ethereum outperformed with a 10% gain to $1,846, while altcoins such as XRP, Solana, and Hyperliquid recorded double-digit advances. Zcash, Stellar, and Worldcoin led the pack with gains of 23%, 21%, and 18% respectively.
A senior US official confirmed that both nations have signed the agreement, with Trump and Vice President J.D. Vance signing for the US and Iran’s parliamentary speaker signing for Iran. The full text of the deal may be released within 48 hours. The accord includes the immediate reopening of the Strait of Hormuz and the removal of the US blockade on Iranian ports, though mines in the waterway may delay full shipping traffic for one to two weeks.
The peace deal also triggered a sharp drop in crude oil prices, which fell more than 5% to below $80 per barrel, the lowest in two months. Lower energy costs boosted risk assets, with US equities rising—Nasdaq Composite gained roughly 3%, S&P 500 advanced 1.7%, and Dow Jones added about 1%. Precious metals also joined the rally, with gold climbing 0.8% and silver rising 1.2%.