The price of Bitcoin pushed past $72,000 for the first time in 20 days after the US and Iran agreed to a two-week ceasefire. <\/p>\n
\u201cI agree to suspend the bombing and attack of Iran for a period of two weeks,\u201d Trump said<\/a> in a Truth Social post on Tuesday, hours before his deadline for Iran to reopen the Strait of Hormuz or face military attacks on key infrastructure.\u00a0<\/p>\n Iran’s Supreme National Security Council also said it accepted the ceasefire. <\/p>\n Bitcoin (BTC<\/a>) climbed 2.6% in the hour following the announcement, reaching $72,339 at the time of publication, according<\/a> to CoinMarketCap.\u00a0<\/p>\n Crypto traders have historically seen geopolitical tensions as a headwind for prices, with any hints of easing often triggering quick relief rallies.<\/p>\n The deal also came hours after Trump renewed threats against Iran.<\/p>\n \u201cA whole civilization will die tonight, never to be brought back again. I don\u2019t want that to happen, but it probably will,\u201d Trump said<\/a> in a post on Monday.<\/p>\n Related: <\/strong><\/em>Bitcoin wallets absorb 4.37M BTC as network activity flips to ‘bull phase\u2019<\/strong><\/em><\/a><\/p>\n The last time Bitcoin traded above $72,000 was March 18, as sentiment continues to drag in the crypto market.\u00a0<\/p>\n The Crypto Fear & Greed Index<\/a>, which measures overall crypto market sentiment, posted an \u201cExtreme Fear\u201d score of 11 on Tuesday, signaling that investors are taking a cautious approach to the crypto market.<\/p>\n On April 1, Trump said the US could wrap up its military campaign<\/a> in Iran within weeks, claiming the goal of eliminating Iran\u2019s nuclear capabilities had been achieved.<\/p>\n Magazine: <\/strong><\/em>\u2018Phantom Bitcoin\u2019 checks, Drift hack linked to North Korea: Asia Express<\/strong><\/em><\/a><\/p>\n <\/template><\/div>\n Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https:\/\/cointelegraph.com\/editorial-policy<\/a><\/p>\n<\/div>",
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