A US-Iran diplomatic breakthrough that reopened the Strait of Hormuz to shipping eased global geopolitical tensions, sending Bitcoin up more than 3% to a high of $65,940 before gains partially faded. The deal removed a significant risk premium that had weighed on both traditional and digital asset markets during weeks of sustained selling pressure. Attention now turns to the Federal Reserve, where newly appointed Chair Kevin Warsh will chair his first policy meeting. Investors are watching closely for signals on interest rates, as a hawkish stance could tighten liquidity conditions and undermine the rally. Bitcoin's sensitivity to both macro risk sentiment and monetary policy means the Fed outcome could prove as influential as the geopolitical relief that triggered the initial move.
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