Bitcoin jumps above $63K after Trump says Iran strikes will be canceled

President Trump said the United States, Israel, Saudi Arabia, UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan and Egypt agreed to the deal.

Summary

Bitcoin rose back above $63,000 after President Trump said he would cancel the scheduled strikes against Iran. He added that a deal had been agreed upon by the US, Israel, Saudi Arabia, UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt and others, suggesting a geopolitical de-escalation that appeared to support risk sentiment across markets.

Terms & Concepts
  • risk sentiment: Investor appetite for higher-risk assets.