Cryptocurrency prices are surging across the board after the United States said it agreed to a mutual cease-fire that would postpone military clashes with Iran for two weeks.
As of 8:15 a.m. on the 8th, on CoinMarketCap, a global coin price tracking site, Bitcoin was at $71,430, up 4.23% from 24 hours earlier.
Ethereum, the No. 2 by market capitalization, was up 6.29% and trading at $2,226. Elsewhere, Solana rose 7% to $85.47, and Ripple was up 4.14% at $1.37.
U.S. President Donald Trump said on Truth Social that after conversations with Pakistan Prime Minister Shehbaz Sharif and Army Chief Asim Munir, the United States would halt bombing and attacks on Iran for two weeks on the condition that Iran agrees to the complete, immediate, and safe opening of the Strait of Hormuz. He said, "This is a mutual cease-fire that applies to both sides." Iran also said it plans to hold negotiations with the United States in Islamabad on the 10th, including the opening of the Strait of Hormuz.