Bitcoin rallied 2.45% to $65,818 on a U.S.–Iran peace agreement that reopened the Strait of Hormuz and eased geopolitical risk. Oil prices slid, reducing inflation pressure and lifting risk assets across equities and crypto simultaneously. The move matters because it removed a major macro overhang that had weighed on markets for weeks. Lower energy costs support central bank flexibility and reduce stagflation fears, creating a tailwind for leveraged assets.