BTC Climbs on Easing Middle East Tensions and Reopening of Key Oil Route

Crude oil is extending its decline while U.S. stock futures are advancing as geopolitical risk eases.

The U.S. and Iran have reportedly reached an interim deal to end hostilities and reopen the Strait of Hormuz, with the agreement expected to be formally signed in Switzerland on Friday.

Bitcoin has risen to around $65,700, up about 2% over the past 24 hours, reaching its highest level since the early June drop.

WTI crude has fallen nearly 5% to just under $81 per barrel, its weakest level in roughly two months.

Meanwhile, Nasdaq 100 futures are up around 1.5%, and S&P 500 futures have gained about 0.9%.