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Bitcoin price rises above $75k as U.S. and Iran near ceasefire extension deal

Market News
23 May 2026
Coingape
View Source
Bullish
pluang ai news

Bitcoin's price has rebounded above $75,000 following reports that the U.S. and Iran are close to agreeing on a 60-day extension of their ceasefire. The deal would include reopening the Strait of Hormuz, easing U.S. sanctions, and unfreezing Iranian assets. This development has positively influenced Bitcoin's market sentiment amid ongoing geopolitical tensions. Further volatility is expected as official announcements are anticipated soon.

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