Crypto
Bitcoin Bounces Back Amid Reported Hormuz Reopening Plan
Bitcoin has rebounded above the $84,000 level after a brief dip to $83,000. This price movement comes amid reports that US and Iranian negotiators are exploring a phased plan to reopen the Strait of Hormuz and end the US blockade.
The Reuters report notes that nothing concrete has come out of these talks as neither side is willing to give up its leverage first.
Despite this, the uncertainty surrounding the war's outcome continues to pressure energy prices, with Brent crude rising above $105 today.