Bitcoin moves back toward $78,000
BTC is benefiting from this renewed geopolitical optimism and is once again approaching $78,000.
The move highlights how sensitive Bitcoin remains to developments between Washington and Tehran. BrefCrypto had already observed this reaction during the previous easing of tensions between the United States and Iran, when reduced risk around the Strait of Hormuz supported the crypto market.
According to the Wall Street Journal, the US president is considering this option while maintaining strong economic pressure on Tehran. However, no official statement ending the conflict has yet been made.