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Bitcoin Climbs to 11‑Week High as U.S. Cease‑Fire Extends

Wall Street Journal Markets •
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After President Trump announced an extension of the U.S. cease‑fire with Iran, stock futures rose and Bitcoin surged to an 11‑week peak. The move eased tensions after Iran’s Revolutionary Guard fired on a cargo ship near the Strait of Hormuz. Investors flipped back to risky assets, sparking a rally across markets for traders and institutional players in global equities and cryptocurrencies.

Meanwhile, front‑month Brent crude stayed just below $100 a barrel, reflecting cautious sentiment amid geopolitical jitters. Treasury yields and the dollar slipped modestly, signaling a shift toward higher‑risk instruments. Bitcoin’s climb to $35,800—its highest level since early March—underscores the renewed appetite for digital assets amid political uncertainty for global investors and hedge funds seeking alternative returns in volatile markets today.

The cease‑fire extension signals a temporary de‑escalation but does not resolve the blockade over the Iranian port. Trump noted the embargo would lift only if Tehran presents a unified proposal, keeping diplomatic leverage in play. For market participants, the announcement injects short‑term optimism, but the broader geopolitical risk profile remains intact for U.S. investors and global traders who monitor the region.