Bitcoin rose after Iran said the Strait of Hormuz is "completely open" to commercial vessels following a cease-fire in Lebanon.
“Bitcoin has really climbed a wall of worry, from quantum scares to Iran sanction ties to miners divesting,” said Joshua Lim, global co-head of markets at FalconX. “We're seeing a lot of money come back into crypto especially as it breaks out of its last few months' range and tries to catch up to equities.”