Iran deal struck: what does this mean for Bitcoin and crypto?

Donald Trump announces that a deal has been reached with Iran. The Strait of Hormuz will reopen for international shipping, and the US naval blockade is being lifted. Crypto analyst Michaël van de Poppe sees this as a major turning point for the market and expects capital to flow towards risky assets, including Bitcoin and Ethereum.

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Trump strikes deal with Iran and reopens Strait of Hormuz

Via Truthsocial, Trump announces that negotiations with the Islamic Republic of Iran have been successfully concluded. He immediately authorises the toll-free reopening of the Strait of Hormuz and withdraws the US naval blockade.

“Ships of the World, start your engines. Let the oil flow!” he writes in his post.

The Strait of Hormuz is one of the most important energy transit routes in the world. Its reopening reduces concerns about disruptions to the global oil supply. The oil price is expected to fall further as tensions ease and transit returns to normal.

Michaël van de Poppe: liquidity flows into crypto

Analyst Michaël van de Poppe states that a confirmed deal has major implications for financial markets. Stocks are rising, interest rates in Japan and the US are falling sharply, and Bitcoin is breaking higher with positive inflows into ETFs. In addition, he expects the ratio between Ethereum and Bitcoin to recover and DeFi to strongly revive once rates drop.

Van de Poppe also points out that after the stock market debut of SpaceX, a lot of capital is looking for a new destination. Earlier, the SpaceX stock market debut drove record volumes on crypto exchanges, and he expects that a large portion of the freed-up liquidity will now head towards crypto. The Bitcoin price currently stands at $65.670. a rise of 1.9% in the past 24 hours. Van de Poppe previously predicted that the Bitcoin price is approaching a bottom, which is now further reinforced by the geopolitical news.