The two-month license granted by the US for Iranian oil trade pushed Bitcoin above $65,000, and whales became active. As talks between the US and Iran begin in Switzerland, significant steps are being taken by both countries as part of the negotiations. Accordingly, Iran committed to ensuring unimpeded freedom of navigation through the Strait of Hormuz and granting International Atomic Energy Agency (IAEA) inspectors full access to its nuclear facilities. The US, meanwhile, issued a general license allowing trade in Iranian crude oil and petrochemical products until August 21.