Bitcoin moves off lowest levels as worst of weekend fears slip away

What Happened

Bitcoin recovered from a $70,500 low Sunday to $72,100 Monday after Vice President Vance's Iran peace negotiations. Reports of Iran considering uranium enrichment concessions supported the bounce. U.S. stocks also reversed early losses. Iran implemented a Strait of Hormuz blockade as scheduled. Crypto stocks gained, with Circle up 8.3%, Coinbase up 3.1%. Bitcoin has consolidated for 67 days since February's $60,000 bottom.

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