Bitcoin has risen as investors reduce exposure to gold and equities amid renewed U.S.-Iran tensions, with crypto increasingly seen as a destination for geopolitical safe-haven flows.
Bitcoin jumped decisively above the $70,000 mark after reports that the U.S. and Iran are engaged in talks to end the conflict; the U.S. president called the discussions productive and ordered a temporary pause on strikes. Markets moved quickly on the de-escalation signal.
Reports of a possible U.S.–Iran war have rattled investors, pushing total crypto market cap down 1.67% to $2.31 trillion in the past 24 hours.