Bitcoin shoots higher on Iran peace deal, with Strait of Hormuz set to open

The US and Iran said they reached an interim agreement to end hostilities and reopen the Strait of Hormuz, with the deal to be signed in Switzerland on Friday.

The price of bitcoin BTC$65,573.12 has risen to $65,700, up 2% over the past 24 hours, and its highest level since the early June plunge.

The price of WTI crude oil has plunged nearly 5% to just under $81 per barrel, its softest level in about two months.

Nasdaq 100 futures are higher by 1.5% and S&P 500 futures are up 0.9%.