Bitcoin has surged to its highest level in nearly 4 weeks, breaking above $74,694 with a +5.48% gain in the last 24 hours, even as the U.S.-Iran conflict intensifies with the naval blockade of the Strait of Hormuz now in effect.
Market sentiment improved after reports that Iran may be open to resuming peace talks and abandoning uranium enrichment. Risk assets rallied across the board: ETH +8.24%, SOL +5.92%, and several altcoins showing strong green candles. Bitcoin dominance currently sits at 58.64%.
Despite geopolitical tension in one of the world’s most critical oil chokepoints, BTC is once again proving its “digital gold” status as investors seek safety amid uncertainty.
