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The price of Bitcoin rose to its highest level in nearly two weeks after the United States and Iran announced an agreement to end the conflict and reopen the Strait of Hormuz, leading to increased risk appetite in the markets. The largest cryptocurrency reached $65,620, after hitting a high of $65,935, while other major digital currencies such as Ethereum, Solana, and XRP also gained. This recovery comes after a wave of turbulence that caused Bitcoin to dip below $60,000, with expectations that the agreement would reduce global energy supply risks. Additionally, war risks and oil prices declined as the geopolitical situation improved.
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