Bitcoin rises past $69,000 as risk markets reverse big early losses on hope for Iran deal

What Happened

Bitcoin climbed to $69,400 Tuesday after sliding below $68,000 earlier. Risk markets rallied following reports of Iran's positive reception to Pakistan's ceasefire proposal. President Trump's earlier threat about Iran and the Strait of Hormuz sparked market volatility and criticism. The White House acknowledged the ceasefire proposal and said a response would come.

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