Bitcoin climbed to $66,433.15 by 7:30 a.m. ET Tuesday, up from an open of $66,287.48, as reports emerged of progress toward a U.S.-Iran peace deal and the reopening of the Strait of Hormuz. In a separate development, prediction market Polymarket kept odds for Kylian Mbappe at 24.5%, unchanged from the prior day.
Geopolitical catalyst
The price move came on reports that the U.S. and Iran are nearing an agreement, with the Strait of Hormuz expected to reopen to shipping. That development would ease global energy supply fears and reduce geopolitical risk — a factor that tends to support risk assets like bitcoin. Traders moved in early Asian hours, pushing the digital asset above $66,400 before it settled near $66,433.
Polymarket odds hold steady
Polymarket’s prediction market for Kylian Mbappe held at 24.5% on Tuesday. The odds have not shifted significantly in recent days, suggesting traders see the outcome as stable. The contract likely relates to a specific sports or transfer event, though the platform did not provide additional context.
The Strait of Hormuz reopening remains a key variable for both energy and crypto markets in the coming days.
