Trump stated that a formal agreement has been finalized between the United States and the Islamic Republic of Iran. He authorized the resumption of vessel transit through the Strait of Hormuz and ordered the immediate lift of the U.S. Navy blockade to restore normal navigation for global ships. Boosted by this geopolitical positive news, Bitcoin surged above $65,000 to trade at $65,648, marking a 1.7% gain in 24 hours. Ethereum broke past $1,700 and is currently priced at $1,720, up 2.23% within 24 hours. Data from Coinglass shows total liquidations across all chains hit $334 million in the past 24 hours, including $241 million in short liquidations and $93.7477 million in long liquidations.