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Bitcoin Reaches Two-Month High Over $78,000 as Iran Says the Strait of Hormuz Is Open

Bitcoin Reaches Two-Month High Over $78,000 as Iran Says the Strait of Hormuz Is Open

Bitcoin hit over $78,000, its highest in two months, after Iran announced the Strait of Hormuz was open and US-Iran peace talks advanced. The geopolitical developments boosted Bitcoin’s price, reflecting its safe-haven appeal amid regional tensions. The rally indicates growing investor confidence in Bitcoin as a hedge against geopolitical risks.

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