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.

I agree to suspend the bombing and attack of Iran for a period of two weeks, US President Donald Trump said 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.

Iran's Supreme National Security Council also said it accepted the ceasefire. Iranian Foreign Minister Abbas Araghchi said, If attacks against Iran are halted, our Powerful Armed Forces will cease their defensive operations.

For a period of two weeks, safe passage through the Strait of Hormuz will be possible via coordination with Iran’s Armed Forces and with due consideration of technical limitations, Araghchi said.

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