Bitcoin adds to gains, tops $73k as risk assets catch a bid on Iran hopes
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Bitcoin rose 2.6% to $73,196.1 on Monday, buoyed by hopes for US and Iran negotiations. The cryptocurrency's gain came despite failed weekend talks and the start of a naval blockade of the Strait of Hormuz.
Bitcoin added to gains on Monday, rising 2.6% to $73,196.1. The gain came as risk assets were buoyed by hopes for US and Iran negotiations. The US and Iran held talks over the weekend but failed to reach an agreement. A naval blockade of the Strait of Hormuz has begun, which may disrupt global shipping and energy markets. Bhutan has sold 70% of its Bitcoin holdings since October 2024. Strategy acquired another $1 billion in Bitcoin, bringing its total holdings to 780,897 BTC. Broader crypto prices were largely higher, with Ether rising 1.8% to $2,253.38.
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