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Bitcoin jumped about 5 percent to a four week high near 75000 dollars as Iran US peace talk hopes eased oil shock, boosting risk appetite amid ongoing macro uncertainty.
Bitcoin surged 5% in 24 hours, reaching a four-week high above $75,000.
KEY POINTS
- The rally is linked to renewed hopes for Iran-US peace talks easing oil market shocks.
- Bitcoin's market capitalization rose to $1.49 trillion following the price jump.
- US began a naval blockade of the Strait of Hormuz as Iran signaled willingness for talks.
COMPANIES
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