Bitcoin hits a two-week high above $65,500 as the US-Iran deal sends oil sliding

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Bitcoin surges to a two-week high above $65,500 as a US-Iran peace agreement reopens the Strait of Hormuz, pulling the geopolitical premium out of oil and into risk assets. The deal's impact sends oil prices sliding, with Brent crude dropping 4% and WTI falling 3%. This shift boosts investor sentiment towards cryptocurrencies like Bitcoin.