BTC tapped a three-week high but will this cease-fire last?

With the world’s attention set on the quickly developing tension in the Middle East, the big news from this week was that the US and Iran announced a 14-day cease-fire. The impact on the crypto markets was immediate.

But first, let’s rewind to the previous weekend, which was highly eventful on the war front. The US and Israel struck numerous targets in Iran, while President Trump gave the enemy a 48-hour deadline (which was extended) to reopen the Strait of Hormuz, otherwise the attacks will intensify.

BTC remained sideways at first, failing to move out of the $66,000-$67,000 range. It finally showed some…