Crypto markets bounced 2.5% as US President Donald Trump sent mixed signals over a potential deal with Iran to reopen the Strait of Hormuz, including reports of a possible ceasefire that could permanently end the war. 

In an expletive-laden post on the Truth Social platform on Sunday, Trump threatened that Iran would be “living in Hell” if the Strait of Hormuz is not reopened.

However, he also acknowledged in a Fox News interview that Iran is “negotiating now” and expressed optimism about a “good chance” of a deal within 24 hours.

Total market capitalization has climbed about $70 billion, or 2.5%, to an 11-day high of $2.44 trillion in early trading on Monday on the news. Bitcoin tapped $69,500 on Coinbase, according to…