Bitcoin moves higher to a two-week high after signs of improved US-Iran relations tied to the Strait of Hormuz. Business Line reports that risk appetite returns following President Donald Trump’s statement on social media that a peace deal with Iran “is now complete” and that the US will end its blockade of the strait, a major global shipping route. Moneyweb similarly links the rally to trader expectations of stability in the Middle East. Both accounts describe renewed market confidence as investors factor in reduced geopolitical risk around a key trade waterway. After the initial jump, attention shifts to upcoming US monetary policy signals. Moneyweb notes that market focus turns to this week’s Federal Reserve meeting, suggesting traders expect additional guidance on interest rates and the broader outlook for financial conditions. The reports do not cite changes to bitcoin fundamentals beyond the immediate sentiment effect from the geopolitical development.